Fortis Healthcare: Supreme Court allows forensic audit

Fortis Healthcare: Supreme Court allows forensic audit to proceed

Fortis Healthcare Limited informed that the Supreme Court has disposed of its Special Leave Petition (SLP) challenging a Delhi High Court order concerning a forensic audit. Key developments: The SLP challenged the Delhi High Court's direction for a forensic audit and certain observations made in its judgment. The Supreme Court allowed the forensic audit to proceed. It clarified that certain observations in the High Court's judgment were tentative and made only to establish a prima facie basis for conducting the audit. The Delhi High Court had not imposed any liability, penalty, or fine on the company. Impact: Neutral to negative. The forensic audit will proceed, keeping the matter under scrutiny. However, the Supreme Court clarified the limited nature of the High Court's observations, and no liability, penalty, or fine had been imposed on the company.