Salve’s Appearance: Singh Bros may Appeal Against S’pore Ruling
New Delhi: Malvinder and Shivinder Singh are mulling all the legal options open to them after the Singapore Supreme Court set aside a plea to permit senior advocate Harish Salve to argue on behalf of them in the case against Daiichi Sankyo.
“The order is challengeable before the Court of Appeal and we are taking legal advice on filing an appeal against the order of the single bench,” a statement issued on behalf of the Singh brothers to ETsaid.
“The application was supported by the Singapore AG’s office but opposed by Daiichi. The court in the single bench has rejected our application,” the statement said.
As per regular Singapore court procedure, any appearance of foreign counsel is required to be specifically approved by the court. ET had reported on Wednesday that the Singapore court had refused to make an exception to allow Salve to argue the case for setting aside an over $500-million award in favour of Daiichi for concealing the extent of Ranbaxy’s regulatory troubles before the buy-out.