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