sebi:WTM/GM/IVD/80/2018-19
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Directions under para 15 of the Interim Order modified; recovery of Rs.403 crore directed to be carried out by FHL and FHsL jointly from Noticee nos. 3 to 11, with repayment to FHsL instead of FHL.
Provisions invoked
- s. 19
Parties
- Fortis Healthcare Limited (FHL)
- Fortis Healthcare Systems Limited (FHsL)
- RHC
- Shivi Holdings Pvt. Ltd.
- Malav Holdings Pvt. Ltd.
- Shri Malvinder Mohan Singh
- Shri Shivinder Mohan Singh
- Religare Finvest Limited
- Best, Fern and Modland
Holding
The directions issued under para 15 of the Interim Order were modified so that FHL and FHsL (Noticee nos. 1 and 2) shall jointly take steps to recover the Outstanding Amount of approximately Rs.403 crore from Noticee nos. 3 to 11, who shall repay the amount to FHsL rather than FHL.
Full text
_____________________________________________________________________________________ Order in the matter of Fortis Healthcare Limited Page 2 of 4
_____________________________________________________________________________________ Order in the matter of Fortis Healthcare Limited Page 3 of 4
_____________________________________________________________________________________ Order in the matter of Fortis Healthcare Limited Page 4 of 4
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Source: SecMarx — sebi:WTM/GM/IVD/80/2018-19. 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.