HC di­rects Radha Soami chief, oth­ers to clear RHC Hold­ing dues

The Times of India (New Delhi edition) - - Times Business - TIMES NEWS NET­WORK

New Delhi: The Delhi high court has or­dered 55 per­sons and en­ti­ties — in­clud­ing Radha Soami Sat­sang Beas (RSSB) head Gurinder Singh Dhillon and his family mem­bers — to de­posit the amount due to RHC Hold­ing. The rul­ing is in con­nec­tion with the ex­e­cu­tion of the Rs 3,500-crore ar­bi­tral award won by Ja­pa­nese pharma ma­jor Dai­ichi Sankyo against for­mer pro­mot­ers of Ran­baxy Lab­o­ra­to­ries, Malvin­der and Shivin­der Singh.

The court said the amount that these 55 gar­nishees (third party) owe to RHC Hold­ing of the Singh broth­ers shall be de­posited with the regis­trar gen­eral of the Delhi high court within 30 days. In a re­cent or­der, Jus­tice J R Midha also di­rected the com­pany, in­clud­ing Singh broth­ers, to de­posit the ti­tle deeds of all their im­mov­able prop­er­ties and orig­i­nal share cer­tifi­cates held by them with the regis­trar gen­eral within 30 days. The jus­tice also asked them not to dis­pose of or alien­ate pos­ses­sion of their as­sets till the next date of hear­ing on Novem­ber 14.

The HC said if any party dis­putes the claim of RHC Hold­ing or other judg­ment debtors, they shall file an af­fi­davit to place on record the con­tention. The 55 par­ties in­clude RSSB chief ’s wife Shab­nam Dhillon, sons Gurki­rat & Gur­preet Singh, daugh­ter-in-law Nayan Tara Dhillon, RSSB as­so­ci­ates’ com­pa­nies, for­mer Reli­gare En­ter­prises chief Su­nil God­hwani and his brother Sanjay God­hwani.

The Singh broth­ers had dis­closed their as­sets to the court in sealed cov­ers in De­cem­ber 2016 and March 2017 dur­ing the pen­dency of Dai­ichi’s plea seek­ing en­force­ment of the 2016 ar­bi­tral award passed by a Sin­ga­pore tri­bunal against them. New Delhi: Se­nior of­fi­cials of the De­part­ment for Pro­mo­tion of In­dus­try and In­ter­nal Trade (DPIIT) on Thurs­day sought re­sponses from rep­re­sen­ta­tives of e-com­merce firms Ama­zon and Flip­kart fol­low­ing a com­plaint by traders’ body, Con­fed­er­a­tion of All In­dia Traders (CAIT).

CAIT rep­re­sen­ta­tives had ear­lier met com­merce and in­dus­try min­is­ter Piyush Goyal al­leg­ing that e-com­merce ma­jors Ama­zon and Flip­kart are flout­ing for­eign di­rect in­vest­ment (FDI) norms in e-com­merce by in­dulging in preda­tory pric­ing, deep dis­count­ing and ex­clu­siv­ity of sev­eral prod­ucts which are not al­lowed un­der the pol­icy.

While Wal­mart-backed Flip­kart did not re­spond to queries from TOI, an Ama­zon In­dia spokesper­son said, “We had open and trans­par­ent dis­cus­sion with DPIIT of­fi­cials.”

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