Gopal Subramanium, First Indian Senior Counsel To Appear Before The Singapore Supreme Court, Wins Appeal In the Daiichi – Ranbaxy Matter

first_imgNews UpdatesGopal Subramanium, First Indian Senior Counsel To Appear Before The Singapore Supreme Court, Wins Appeal In the Daiichi – Ranbaxy Matter Akshita Saxena29 May 2020 2:52 AMShare This – xIn a huge setback to former promoters of Ranbaxy — Malvinder Mohan Singh and Shivinder Mohan Singh, the Supreme Court of Singapore on Thursday dismissed their appeal against the judgment of the High Court of Singapore refusing to set aside the Rs 3,500-crore arbitral award in favour of Japanese drug maker Daiichi Sankyo. With this, Senior Advocate Gopal Subramanium, representing…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a huge setback to former promoters of Ranbaxy — Malvinder Mohan Singh and Shivinder Mohan Singh, the Supreme Court of Singapore on Thursday dismissed their appeal against the judgment of the High Court of Singapore refusing to set aside the Rs 3,500-crore arbitral award in favour of Japanese drug maker Daiichi Sankyo. With this, Senior Advocate Gopal Subramanium, representing Daiichi Sankyo, has become the first Indian to appear before the Singapore Supreme Court (Court of Appeal). Background On April 29, 2016, the Arbitral Tribunal comprising Professor Lawrence GS Boo, Karyll Nairn and Justice (Retd.) AM Ahmadi had held that the Sellers (the Singh brothers) are jointly and severally liable to pay damages for the harm suffered by the Buyer (Daiichi) as a result of the fraudulent concealment of a Self-Assessment Report concerning a pending investigations by the US Food and Drug Administration and Department of Justice. Pursuant to this, Daiichi approached the Delhi High Court seeking enforcement of the award. Thereby, Justice Jayant Nath held that the award was enforceable, except against five minors, including Singh’s children, as “Article 15, 39(e) and (f) and 45 of the Constitution of India empower the state to make special provisions for protection of children”. This order came to be challenged by Singh brothers before the Indian Supreme Court. However, the Bench comprising Justice Gogoi and Justice Banumathi dismissed the SLP saying that they are “not inclined to interfere” with the impugned judgment. The arbitral award was also a subject matter of challenge before the High Court of Singapore which, in its verdict dated December 21, 2018 upheld the award of the Singapore seated ICC arbitral tribunal in favour of Daiichi Sankyo. This order of the High Court of Singapore was upheld by the country’s Supreme Court yesterday. Daiichi Sankyo was represented by senior counsel Gopal Subramanium. Mr Subramanium was briefed by P&A Law Offices (Anand Pathak / Amit Mishra / Mohit Singh / Samridhi Hota / Kanika Singhal / Shivam Pandey / Turab Ali Kazmi) and assisted by Pavan Bhushan, Hima Lawrence, Jayavardhan Singh from Mr Subramanium’s Chambers along with Singapore-based law firm, Oon & Bazul LLP. Mr Subramanium was the first Indian Senior Counsel to have appeared before the Singapore Supreme Court. Malvinder Mohan Singh was represented by Yeo Khirn Hai Alvin SC, briefed by WongPartnership LLP and DMD Advocates; and Shivinder Mohan Singh was represented by Narayanan Sreenivasan SC, briefed by K&L Gates Straits Law LLC. Pertinently, Singh brothers have also been held guilty of contempt by the Supreme Court of India for violating its order asking them not to divest their shares in Fortis Healthcare Limited. The Top Court had asked also Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them and in favour of Japanese drug manufacturer Daiichi Sankyo. Nevertheless, they effected sale of their controlling stakes in Fortis Group to Malayasian firm IHH Healthcare.Next Storylast_img read more

Supreme Court Stays Dismantling Of Decommissioned Indian Navy Aircraft Carrier ‘INS Viraat’

first_imgTop StoriesSupreme Court Stays Dismantling Of Decommissioned Indian Navy Aircraft Carrier ‘INS Viraat’ LIVELAW NEWS NETWORK10 Feb 2021 3:27 AMShare This – xThe Supreme Court on Wednesday stayed the dismantling of decommissioned Indian Navy aircraft carrier ‘INS Viraat’ while issuing notice on a petition filed by a private company, who offered to preserve the iconic ship in national interest.A bench headed by the Chief Justice of India was considering a petition filed by M/s Envitech Marine Consultants Private Limited, which is interested in…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Wednesday stayed the dismantling of decommissioned Indian Navy aircraft carrier ‘INS Viraat’ while issuing notice on a petition filed by a private company, who offered to preserve the iconic ship in national interest.A bench headed by the Chief Justice of India was considering a petition filed by M/s Envitech Marine Consultants Private Limited, which is interested in buying the ship from its present owner to convert it into a maritime museum.The ship was sold to Shree Ram Ship Breakers in an auction last year. The ship is now beached at Alang in Gujarat where it is being dismantled.During the brief hearing held today, the representative of the company told the bench that they are willing to offer Rupees 100 crores for the ship which was auctioned off for nearly Rs 65 crores.The bench has sought the responses of the Ministry of Defence and the present owner of the ship.Envitech Marine Consultants had earlier approached the Bombay High Court with the prayer. On November 3 last year, a division bench comprising Justices Nitin Jamdar and Milind Jadhav directed the Ministry of Defence to take a decision on the representation made by the company for NOC to acquire the ship. On November 27, the Ministry rejected the request for NOC.The 65-year old aircraft carrier INS Viraat was inducted into the Indian Navy in 1987, after being acquired from UK, and decommissioned in 2017.Click here to read/download the orderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more