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Delhi HC freezes Malvinder, Shivinder Singh's accounts; Fortis EGM on track

Delhi HC asks Singh brothers to file for insolvency if they do not have money; seeks details of their bank accounts and transactions since 2016

Fortis
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Shivinder Singh (left) and Malvinder Singh, former promoters of Fortis Healthcare. Participation Finance is believed to be the recipient of funds diverted from Fortis Hospital last year

Sohini Das Mumbai
The Delhi High Court on Friday asked brothers Malvinder and Shivinder Singh, erstwhile promoters of Fortis Healthcare Ltd (FHL), not to sell any assets without the court's approval. The Court also froze the brothers' bank accounts and asked them to disclose all transactions (including gifts) in the past since 2016. 

This was the first time the brothers appeared before the court in the Daiichi case for cross-examination. The court asked them to file for insolvency if they did not have money. "You cannot keep away information on money from the court," the judge said. 

Meanwhile, the high court on Friday refused to

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