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Daiichi-Singh Brothers Dispute: Delhi HC orders auctioning of Fortis trademark
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Delhi High Court on Tuesday ordered auctioning of the Fortis trademark in connection with the ₹3,500 crore arbitral award passed in favour of Japanese pharma major Daiichi Sankyo and against the former Ranbaxy promoters.
Justice Sachin Datta passed the order on an application filed by Daiichi Sankyo seeking the sale of the Fortis trademark, owned by RHC Healthcare Management Services which is one of the judgment debtors in the matter.
The application was filed in a petition by Daiichi Sankyo seeking execution of a ₹3,500-crore Singapore tribunal arbitral award passed in its favour and against brothers Malvinder Mohan Singh and Shivinder Mohan Singh in April 2016.
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