Overview

• Shivinder Mohan Singh's insolvency plea was heard briefly by the Delhi NCLT on April 21, with the next hearing scheduled for May 20, 2025.
• The filing comes after years of legal battles, including a 2016 arbitration ruling ordering the Singh brothers to pay ₹3,500 crore to Daiichi Sankyo for fraudulent misrepresentation.
• Singh cited significant financial losses from asset seizures and poor management at RHC Holding Pvt. Ltd., where he served as a corporate guarantor.
• The insolvency petition details that Singh’s debts now far exceed his remaining assets, much of which have been liquidated or attached through enforcement proceedings.
• If the NCLT admits the plea, a resolution professional will be appointed to oversee a repayment plan subject to creditor and court approval.