Fortis Healthcare Limited
Event Details
A single judge bench of the Delhi High Court passed an order on August 31, 2026, at 04:31 PM (IST) in the case titled "Daiichi Sankyo Company, Limited vs. Malvinder Mohan Singh And Ors." (O.M.P.(EFA)(COMM.) 6/2016). The order specifically addresses applications EX.APPL.(OS) 3764/2022, EX.APPL.(OS) 1615/2025, and EX.APPL.(OS) 3763/2022.
Court Order Specifics
The Hon'ble Court has directed the appointment of a forensic auditor with a mandate to primarily undertake a factual enquiry into:
- The dissipation of the shareholding of the Singh Brothers (the Company's erstwhile promoters) in Fortis Healthcare
- The subsequent change in control of the Company
- The role of relevant stakeholders including various banks/financial institutions, erstwhile promoters and their controlled entities, and the Company itself
The Court explicitly stated that this direction for forensic audit is purely investigative in nature and does not, by itself, result in any determination or fastening of liability upon the Company.
Company's Position and Impact
- No liability, penalty, or fine has been imposed on Fortis Healthcare by the Court
- The Company was neither a party to the original dispute nor a judgment debtor in the execution proceedings
- Financial impact: Not quantified in the disclosure
- The Company is reviewing the judgment in detail with its legal counsels and will evaluate the appropriate course of action under applicable law
Company Statement
Fortis Healthcare remains committed to the highest standards of corporate governance, transparency, and regulatory compliance. The Company continues to remain focused on its operations and the interest of all its stakeholders.