Supreme Court allows forensic audit in Fortis-IHH Healthcare unit case

•The Supreme Court has allowed a forensic audit in a Fortis-IHH Healthcare case, dismissing a petition by Fortis Healthcare.

•The audit will investigate alleged asset dissipation by former Fortis promoters, Malvinder Mohan Singh and Shivinder Mohan Singh.

•IHH Healthcare acquired a 31% stake in Fortis in 2018 through a competitive bidding process, not from the former promoters.

•The company will cooperate with the forensic audit, which will examine the role of stakeholders in the asset disposal.