Indian court seizes former Ranbaxy owners’ assets
Daiichi Sankyo inches closer to recovering money from Singh brothers
Earlier this month, India’s Supreme Court rejected an appeal by Ranbaxy Laboratories’ former owners – brothers Shivinder and Malvinder Singh – against a Delhi High Court order allowing the Japanese drug maker Daiichi Sankyo to recover INR 35 billion (£386 million) from them. The Delhi High Court has since seized the Singh brothers’ unencumbered assets to ensure that Daiichi Sankyo is paid. With this, the brothers have reached the end of the road in Indian courts.