India’s Top Court Tells Singhs To Come Up With Plan To Pay Daiichi, Uphold Nation’s ‘Honor’

India’s Supreme Court has told Malvinder Singh and Shivinder Singh, once corporate billionaires, to work out a strategy within two weeks to pay Japanese drug giant Daiichi Sankyo a $500m arbitration award and "uphold the nation’s honor."

Japan and India
INDIA'S APEX COURT ASKS SINGHS TO WORK OUT PLAN TO PAY DAIICHI • Source: Shutterstock

The Supreme Court of India has given fallen business tycoons Malvinder Singh and Shivinder Singh two weeks to come up with a plan to pay a $500m arbitration award to Japanese drug company Daiichi Sankyo Co. Ltd., saying failure to make the payment would reflect badly on national honor.

"Come back with a plan [to pay the money],” India’s Chief Justice Ranjan Gogoi told the Singhs, who were poster boys for India’s healthcare industry before their business empire collapsed

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