Fortis embroiled in Nanda brothers disputeSeptember 16 2009
The Delhi High Court has allowed Anil Nanda's application to implead Fortis Healthcare in the dispute with his brother, Rajan Nanda. The Malvinder Singh-promoted healthcare major is now a party to the bitter dispute pending since 2005.
Anil Nanda has argued before the Court that the public offer of Fortis Healthcare should be declared illegal on the grounds that the Escorts Heart Institute is under dispute. Nanda's petition seeking a declaration of the 2007 Fortis IPO as illegal has been admitted.
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