Daiichi-Ranbaxy Case: Radha Soami Chief Claims In High Court Don’t Owe Money To Singh Brothers
Shivinder Singh and his brother Malvinder Singh. (Source: Bloomberg)

Daiichi-Ranbaxy Case: Radha Soami Chief Claims In High Court Don’t Owe Money To Singh Brothers

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Radha Soami Satsang Beas head Gurinder Singh Dhillon and his family members on Friday approached the Delhi High Court saying they do not owe any money to RHC Holdings Pvt. Ltd., promoted by Malvinder and Shivinder Singh.

The Dhillons filed the application following the court's direction to deposit the amount due to RHC Holdings Pvt. Ltd. in connection with the execution of Rs 3,500-crore arbitral award won by Japanese pharma major Daiichi Sankyo against former promoters of Ranbaxy Laboratories Malvinder and Shivinder Singh.

Dhillons told the court that RHC Holding has made false claims that they owe money to the company.

Justice JR Midha sought response of RHC Holding, Singh brothers and Daiichi on the plea of Dhillons.

The court, in its September order, said the amount which 55 garnishees, including Dhillon family, owe to RHC Holdings should be deposited with the Registrar General of the Delhi High Court within 30 days. A garnishee order is an order against a third party for the recovery of debt or dues.

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