sebi:WTM/GM/IVD/101/2018-19
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Facts / Headnote
Confirmed the ad-interim ex-parte directions dated October 17, 2018 read with order dated December 21, 2018 till further orders, subject to modifications continuing recovery measures, asset-freeze restraints and debarment of Singh brothers from FHL/FHsL affairs
Provisions invoked
- s. 19
- s. 12A
Regulations
- Reg. 11
- Reg. 3(b)
- Reg. 4(1)(b)
- Reg. 53(f)
Parties
- Fortis Healthcare Limited (FHL)
- Fortis Hospitals Limited (FHsL)
- RHC Holding Pvt. Ltd.
- Shivi Holdings Pvt. Ltd.
- Malav Holdings Pvt. Ltd.
- Shri Malvinder Mohan Singh
- Shri Shivinder Mohan Singh
- Religare Finvest Limited
- Best Healthcare Pvt. Ltd.
- Fern Healthcare Pvt. Ltd.
- Modland Wears Pvt. Ltd.
Holding
SEBI confirmed the October 17, 2018 ad-interim ex-parte directions (read with December 21, 2018 order) till further orders with modifications, continuing the direction to pursue recovery of Rs.403 crore (approx.) plus interest and restraining Noticees from disposing assets/diverting funds pending investigation.
Full text
_____________________________________________________________________________________ Order in the matter of Fortis Healthcare Limited Page 2 of 15
_____________________________________________________________________________________ Order in the matter of Fortis Healthcare Limited Page 3 of 15
_____________________________________________________________________________________ Order in the matter of Fortis Healthcare Limited Page 4 of 15
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Source: SecMarx — sebi:WTM/GM/IVD/101/2018-19. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.