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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 21-NOV-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

COMPANIES: DIRECTED TO CONTINUE TO PURSUE THE MEASURES RECOVER OUTSTANDING RS.397.12 CRORE (APPROX.) ALONGWITH INTEREST FROM RHC HOLDING PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, MALAV HOLDINGS PVT.LTD., SHIVI HOLDINGS PVT.LTD., BEST, FERN AND MODLAND

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person FORTIS HEALTHCARE LTD.

(PAN:AAACF0987E)  
  AIDED IN MISUSE AND DIVERSION OF PUBLIC SHAREHOLDERS FUNDS THROUGH BORROWER COMPANIES (BEST, FERN AND MODLAND) FOR BENEFIT OF RHC HOLDING PVT.LTD. VIOLATING SECTION 12(C) OF SEBI ACT, 1992 AND REGULATIONS 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF FORTIS HEALTHCARE LTD.

MISREPRESENTED FINANCIAL POSITION AND ARTIFICIALLY INFLATED BANK BALANCE OF FHSL AND DID NOT MAKE DISCLOSURE OF MATERIAL INFORMATION IN BOOKS OF ACCOUNTS VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT. READ WITH REGULATIONS 3(B) TO 3(D), 4(1) AND 4(2)(F) & 4(2)(R) OF PFUTP REGULATIONS, 2003 IN MATTER OF FORTIS HEALTHCARE LTD.  		DIRECTED TO CONTINUE TO PURSUE THE MEASURES RECOVER OUTSTANDING RS.397.12 CRORE (APPROX.) ALONGWITH INTEREST FROM RHC HOLDING PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, MALAV HOLDINGS PVT.LTD., SHIVI HOLDINGS PVT.LTD., BEST, FERN AND MODLAND

IMPOSED PENALTY RS.1,00,00,000

19-APR-2022 		SAT: SAT VIDE ITS ORDER DATED 08/07/2022, DIRECTED RESPONDENT TO FILE REPLY ON OR BEFORE NEXT DATE. DIRECTED APPELLANTS TO DEPOSIT 50% PENALTY AMOUNT WITHIN SIX WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, DIRECTED RESPONDENT NOT TO MAKE FURTHER RECOVERY

SAT: SAT VIDE ITS ORDER DATED 29/09/2022 DIRECTED TO FILE REJOINDER WITHIN THREE WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 05/01/2023 ADJOURNED THE APPEALS AND REJOINDER IF ANY, TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 16/05/2023 CONDONED THE DELAY IN FILING OF APPEAL
2 
History of entity/person FORTIS HOSPITALS LTD.

(PAN:AABCF3718N)  
  AIDED IN MISUSE AND DIVERSION OF PUBLIC SHAREHOLDERS FUNDS THROUGH BORROWER COMPANIES (BEST, FERN AND MODLAND) FOR BENEFIT OF RHC HOLDING PVT.LTD. VIOLATING SECTION 12(C) OF SEBI ACT, 1992 AND REGULATIONS 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF FORTIS HEALTHCARE LTD.  DIRECTED TO CONTINUE TO PURSUE THE MEASURES RECOVER OUTSTANDING RS.397.12 CRORE (APPROX.) ALONGWITH INTEREST FROM RHC HOLDING PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, MALAV HOLDINGS PVT.LTD., SHIVI HOLDINGS PVT.LTD., BEST, FERN AND MODLAND

IMPOSED PENALTY RS.50,00,000

19-APR-2022 		SAT: SAT VIDE ITS ORDER DATED 08/07/2022, DIRECTED RESPONDENT TO FILE REPLY ON OR BEFORE NEXT DATE. DIRECTED APPELLANTS TO DEPOSIT 50% PENALTY AMOUNT WITHIN SIX WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, DIRECTED RESPONDENT NOT TO MAKE FURTHER RECOVERY

SAT: SAT VIDE ITS ORDER DATED 01/08/2022 ALLOWED RESPONDENT FURTHER THREE WEEKS TO FILE REPLY

SAT: SAT VIDE ITS ORDER DATED 29/09/2022 DIRECTED TO FILE REJOINDER WITHIN THREE WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 05/01/2023 ADJOURNED THE APPEALS AND REJOINDER IF ANY, TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 12/04/2023 ALLOWED FURTHER THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 16/05/2023 CONDONED THE DELAY IN FILING OF APPEAL
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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