- (livemint.com via NewsPoints Desk)

Delhi High Court allows Daiichi to inspect documents by Singh brothers for valuations - (livemint.com via NewsPoints Desk)

  • The Delhi High Court is permitting Daiichi Sankyo to inspect documents submitted by former Ranbaxy owners Malvinder and Shivender Singh disclosing the value of their unencumbered shareholding, livemint.com reported Monday.

  • The case involves allegations by Daiichi Sankyo that the brothers withheld information while selling Ranbaxy to the Japanese company in 2008.

  • A Singapore tribunal ordered the men to pay Rs 2562 crore in restitution, which the Singh brothers are contesting in Delhi High Court.

  • Daiichi Sankyo lawyers CA Sundaram and Rajiv Nayyar noted that the brothers had given conflicting valuations regarding their unencumbered assets in various documents, thus failing to satisfy the court about the realisable value of the assets.

  • A hearing in the case is scheduled for March 27.

  • FirstWord Reports: Providing insight, analysis and expert opinion on important Pharma trends and challenging issues <Click here>

To read more NewsPoints articles, click here.