Singh brothers
Tycoon brothers Malvinder Singh, Shivinder accuse each other of assault; watch video
Fri, Dec 07, 2018
In the latest twist to their ongoing corporate battle, elder brother Malvinder Singh in a video circulated on social media claimed that he was hit by younger brother Shivinder. In the video, he alleged that the incident happened Wednesday as Shivinder was trying to disrupt the board meeting of a group company, Prius Real Estate, which he reportedly claimed has lent around Rs 2,000 crore to companies owned by Gurinder Singh Dhillon and his family.
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Shivinder Singh vs Malvinder Singh: This is how company was debt trapped
Fri, Sep 07, 2018
In a petition, seen by DNA Money, Shivinder Singh had alleged that Malvinder and Godhwani used Religare Enterprises Ltd (REL), a non-banking financial company, to borrow the money from public and "pushed this company into debt trap".
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Ligare Aviation, airline business of Malvinder and Shivinder Singh, books 'unimaginable losses'
Thu, Sep 06, 2018
The airline was started in 2006 as Ran Air Services and offered turboprops, helicopter, jets as part of its non-scheduled operations. The airline later got into air ambulance service and even toyed with the idea of starting fraction ownership model. The company not only offered services to corporates, to politicians during elections, etc, but also set up an entire eco-system for the aviation industry, including crew training centres, air craft maintenance units, which incurred huge investments.
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Delhi High Court attaches unpledged assets of Singh brothers
Mon, Feb 26, 2018
The Delhi High Court has issued a warrant to attach all unencumbered assets disclosed by two companies controlled by former Ranbaxy promoters Malvinder and Shivinder Singh so that Japanese drug maker Daiichi Sankyo can recover a Rs 3,500-crore international arbitration award from them.
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Fortis Healthcare yet to declare Q2, Q3 earnings; seeks another 15-day extension
Wed, Feb 14, 2018
Fortis Healthcare, India's second-largest hospital chain, has sought a 15-day extension to declare earnings for the second and third quarter of the current financial year citing statutory auditors' inability to complete the audit before the stipulated board meeting.
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