INDIA’S top court, Supreme Court on Friday (15) held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its order asking them not to divest their shares in Fortis Healthcare Limited.
The apex court had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 35 billion (£378.90 million) granted by a Singapore tribunal against them and in favour of Japanese drug manufacturer Daiichi Sankyo.
A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta held the former Ranbaxy promoters guilty of contempt of court and said that they had violated its earlier order by which the sale of their controlling stakes in Fortis Group to Malayasian firm IHH Healthcare was put on hold.
The apex court said that they would hear the Singhs on the quantum of sentence later.
The Japanese firm had filed contempt petition against the former Ranbaxy promoters alleging that execution of their arbitral award had been in jeopardy as the Singh brothers disposed of their controlling stakes in Fortis Group to the Malaysian firm.
The AI can even link these problems together, creating a complete roadmap for potential attacksGetty Images 
Bank of England governor Andrew Bailey described it as a "very serious challenge"Getty Images 
BoE checking if automated trading systems might all react the same way during a crisis, potentially making crashes worseGetty Images 
Banks rely on computer systems. If someone uses Mythos to find holes in those systems, they could steal money, freeze transactions, or crash marketsGetty Images 
James Wise, who runs a £500 m UK government fund for AI companies, noted Mythos is just the startGetty Images 
