{
  "id": 10238198,
  "title": "Fortis says ‘no role, no money’ in Singh-Daiichi row",
  "url": "https://urgent.news/2026/09/27/fortis-says-no-role-no-money-in-singh-daiichi-row",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-27T08:58:36.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/fortis-defends-itself-after-supreme-court-allows-forensic-audit-says-it-was-complete-stranger-to-daiichi-singh-brothers-dispute/articleshow/134517489.cms"
  },
  "original_language": "en",
  "account": "Fortis Healthcare Limited has vehemently denied any involvement in the legal dispute between Daiichi Sankyo and the Singh Brothers, stating it had no part in the alleged misuse of the former promoters' shareholding. The company clarified that the Supreme Court's September 25 order dismissing Fortis' Special Leave Petition was merely a prelude to the forensic audit as directed by the Delhi High Court on August 31. The Supreme Court reassured that the audit would be unbiased and not swayed by the High Court's tentative remarks. Fortis reiterated that it was never a party to the arbitration proceedings between Daiichi Sankyo and the Singh Brothers, nor was it a judgment debtor or garnishee to Daiichi Sankyo's decree. As a publicly traded entity, Fortis had no control over the shares owned by the Singh Brothers, who sold their stake in March 2018 after their resignation from the Board. The present promoter, Northern TK Venture Pte. Ltd., purchased new shares in November 2018 after gaining all necessary approvals. Fortis affirmed its dedication to governance, transparency, and regulatory adherence, emphasizing its focus on operations and stakeholders since the turnaround since 2018 under the new management. The disclosure was made under SEBI's Regulation 30 on September 26.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}