Trouble Continues for Singh Brothers: Settlement talks inconclusive as no proposal given

Written by Medical Dialogues Bureau Published On 2019-10-24T18:31:55+05:30 | Updated On 24 Oct 2019 6:31 PM IST

Trouble Continues for Singh Brothers: Settlement talks inconclusive as no proposal given

Chief Metropolitan Magistrate Deepak Sherawat was told by RFL’s counsel that no proposal was given by Singh brothers and therefore settlement talks remained inconclusive.

New Delhi: The settlement talks between former Fortis Healthcare promoters Malvinder Singh and his brother Shivinder and scam-hit Religare Finvest Ltd remained inconclusive as no proposal was given, a Delhi court was informed Wednesday.

Chief Metropolitan Magistrate Deepak Sherawat was told by RFL’s counsel that no proposal was given by Singh brothers and therefore settlement talks remained inconclusive.

The counsel for jailed Singh brothers, arrested for allegedly misappropriating funds of RFL, told the court that it was not possible to come up with a proposal as the accused need to sit together and discuss the issue.

Also Read: Former Fortis Healthcare promoters seek interim bail from Delhi court, offer a settlement

The court then posted for October 25 hearing arguments on bail plea by Singh brothers.

The Singh brothers on Friday sought interim bail from the court saying they wanted to settle the case with the complainant.

The court had on Thursday sent Singh brothers and other accused — Sunil Godhwani, Kavi Arora and Anil Saxena — to judicial custody till October 31.

Also Read: Singh brothers, 3 others arrested for massive Rs 2400 crore fund misappropriation in Religare

Medical Dialogues Bureau

Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers. Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.