Fortis Healthcare: Supreme Court allows forensic audit, clarifies observations
Fortis Healthcare Ltd announced that the Hon'ble Supreme Court, in an order dated September 25, 2026, has disposed of a Special Leave Petition. The petition challenged a Delhi High Court order concerning a forensic audit and certain observations made against the company. The Supreme Court has allowed the forensic audit to proceed but clarified that the observations in the High Court's judgment are tentative and should not influence the audit's independent conduct or outcome. The company reiterated that it is not a party to the underlying dispute between Daiichi Sankyo and the Singh Brothers, nor is it a judgment debtor or garnishee. Fortis also highlighted its new promoter, IHH Healthcare Berhad, took over in November 2018 after the erstwhile promoters ceased their association.
Key Highlights
- Supreme Court allows forensic audit but clarifies observations are tentative.
- Court emphasizes independent conduct of forensic audit, free from prior observations.
- Fortis Healthcare reiterates its stranger status to the Daiichi Sankyo dispute.
- Company highlights new promoter's investment post-erstwhile promoters' exit.
- Focus remains on corporate governance, transparency, and stakeholder interests.
Price Impact
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