1 week ago
Fortis Healthcare Challenges Forensic Audit Order in Supreme Court
Fortis Healthcare has asked the Supreme Court to review a Delhi High Court order.
The order requires an investigation into certain company transactions.
The transactions involve former Fortis promoters Malvinder Mohan Singh and Shivinder Mohan Singh.
Daiichi Sankyo is seeking payment under a Rs 3,500 crore arbitral award.
The Delhi High Court said shares may have been moved or dissipated in a way that affected the payment.
It appointed S Ramanand Aiyar and Co to conduct a forensic audit.
The audit will try to reconstruct what happened and identify the people and companies involved.
Fortis disagrees with the order and has filed a legal challenge.
Fortis Healthcare Ltd filed a Special Leave Petition before the Supreme Court on Wednesday.
The petition challenges the Delhi High Court’s August 31, 2026 order appointing a forensic auditor.
The audit concerns transactions involving former promoters Malvinder Mohan Singh, Shivinder Mohan Singh and Fortis Healthcare Ltd.
The proceedings relate to the alleged dissipation of shares connected to a Rs 3,500 crore arbitral award favoring Daiichi Sankyo.
S Ramanand Aiyar and Co was appointed to complete the forensic audit within six months.
- Who
- Fortis Healthcare Ltd, former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, Daiichi Sankyo, and the Delhi High Court are involved.
- What
- Fortis Healthcare filed a Special Leave Petition challenging a Delhi High Court order for a forensic audit.
- Where
- The legal proceedings are before the Delhi High Court and the Supreme Court.
- When
- The petition was filed on Wednesday, and the challenged order was issued on August 31, 2026; the report was published September 16, 2026.
- Why
- The Delhi High Court ordered the audit to reconstruct transactions and identify parties involved in the alleged dissipation of shares linked to Daiichi Sankyo’s Rs 3,500 crore arbitral award.
Fortis Healthcare’s Challenge
Daiichi Sankyo and Court’s Position
Forensic audit order
Fortis Healthcare’s Challenge
Fortis Healthcare is challenging the Delhi High Court’s appointment of a forensic auditor before the Supreme Court.
Daiichi Sankyo and Court’s Position
Daiichi Sankyo sought the audit, and the Delhi High Court approved it to examine transactions and trace the alleged dissipation of shares.
Purpose of the investigation
Fortis Healthcare’s Challenge
Fortis Healthcare has not accepted the Delhi High Court order and is seeking its review through a Special Leave Petition.
Daiichi Sankyo and Court’s Position
The Delhi High Court said the audit would reconstruct the chain of events and help identify the people and companies involved.
Key facts
- Petitioner
- Fortis Healthcare Ltd
- Court challenge
- Special Leave Petition before the Supreme Court
- Challenged order
- Delhi High Court order dated August 31, 2026
- Arbitral award
- Rs 3,500 crore in favor of Daiichi Sankyo
- Forensic auditor
- S Ramanand Aiyar and Co
- Audit deadline
- Six months
- Former promoters named
- Malvinder Mohan Singh and Shivinder Mohan Singh
Sources
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