You Aren’t a Sadhu , pay Daiichi for country’s honour, SC Tells Former Fortis Promoter

The Supreme Court of India
The Supreme Court of India. (File Photo: IANS)

New Delhi, March 14 The Supreme Court on Thursday told Fortis’s Shivinder Singh that since he has come back from ‘sanyas’, he should focus on paying along with his brother Malvinder Singh Rs 3,500 crore awarded to Japanese drug maker Daiichi Sankyo by a Singapore-based arbitration tribunal as it is not just individual honour, it has become a question of honour for the country.

When the sparring brothers showed up on Thursday, senior lawyer Fali S Nariman, representing Daiichi, pointed out that while Malvinder claims is trying to pay off all debts, Shivinder says he has become a sadhu.

Interacting with Shivinder, CJI Gogoi said: “You are telling us that you have nothing to do with business anymore and that your brother is looking after it since you have renounced the world. If you have a debt to pay, your renouncing the world wouldn’t matter to us.” At this, Shivinder’s lawyer PS Patwalia submitted: “Mr Shivinder has come back to the world in December 2017.”

“Oh! That’s good. Now that your lawyer says you’ve come back to the world, start thinking about money,” retorted the CJI.

The court, then referring to the foreign tribunal award in the favour of Daiichi, told Singh brothers: “It is not just about Rs 4000 Crore or individual honour It is a question of honour for the country. It doesn’t do good for the country. You were once the flag- bearers of this country. Pay your debts and come out of this.”

“Now you have come (back) to world, then pay”, said Chief Justice Ranjan Gogoi who along with Justice Deepak Gupta and Justice Sanjiv Khanna told both the brothers to inform the court how they are going to secure the arbitration tribunal award.

However, when senior counsel P.S. Patwalia told the court that he has come back to world, CJI Gogoi said, “Now you have come to the world, then pay.”

Patwalia appeared for Shivinder Singh

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