Ex-Fortis promoter moves NCLT for personal insolvency

FORMER FORTIS HEALTHCARE promoter Shivinder Mohan Singh has moved a plea before the National Company Law Tribunal for personal insolvency, stating that his liabilities far exceed his assets.

- Shivinder Mohan Singh

Singh has filed the plea under Section 94 of the Insolvency and Bankruptcy Code (IBC) before the Delhi-based bench of the insolvency tribunal, according to lawyers associated with the matter.

The plea was listed before a two-member bench comprising Mahendra Khandelwal and Subrata Kumar Dash on Monday, which briefly heard the matter. The bench has now posted the matter on May 20 for the next hearing.