Delhi High Court building on a humid morning with muted sunlight
The Delhi High Court has stated that Fortis Healthcare cannot shift blame to third parties concerning the sale of shares previously held by the Singh brothers, former promoters of the company. This ruling underscores the healthcare provider’s responsibility in overseeing such transactions.
The court’s remarks came amid ongoing legal disputes, indicating that Fortis had an obligation to prevent or manage the share sales. The case highlights potential liability issues for corporate entities regarding the actions of their former key figures and the management of significant asset transactions.
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