HC directs Radha Soami Chief, others to pay Rs 6000 crore to Singh Brothers for settling Ranbaxy-Daichii dispute

Following this, Malvinder Singh in his submission claimed that he can pay the amount, only when he can recover the money owed to him by RSSB chief Dhillon and his family and associates. It is alleged that parts of the proceeds from the stake sale in Ranbaxy Laboratories Ltd were used by the spiritual head of Radha Soami Satsang Beas, Gurinder Singh Dhillon to purchase real estate.

Also Read: Delhi High Court directs RSSB chief Dhillon, family to undertake Singh brothers dues to Daiichi

On May 28, the court had issued ‘garnishee orders’ against several Dhillon and RSSB associates’ companies, including Prius Real Estate, Addon Realty, Payne Realtors SGGD Projects, Luminous Holding and had also increased the scope of people from whom the money owed by Singh brothers to Daiichi can be recovered to honour the arbitration award.

Recently with an order dated Septemeber 27, Justice JR Midha directed to deposit the amount with the court’s registrar general within 30 days. The court held;

"The parties mentioned...are directed to deposit the amount due to respondent...with the Registrar General of this Court within 30 days...,"

The court added;

"The entities cannot “dispose of, alienate, encumber directly or indirectly, part with the possession of any assets, except in the ordinary course of business like payment of salary and statutory dues, till the next date of hearing,”

As per a recent media report in ET, any party disputing the claim should file an affidavit to place their contention on record.