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Religare case: Singh brothers seek interim bail, offer settlement

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A Delhi district court on Friday deferred the bail plea filed by former Ranbaxy promoters Malvinder and Shivinder Singh. The Singh brothers in their plea mentioned that they want to settle the matter. The court has now summoned them along with other accused and the management of Religare Finvest Ltd for further hearing on Tuesday.The brothers have been in Tihar jail since Thursday, as court ordered 14 days of judicial custody for both in connection with diversion and misappropriation of funds pegged at Rs 2,400 crore.. Along with them Sunil Godhwani, former Religare Enterprises Ltd chairman and managing director, Kavi Arora, former CEO and Anil Saxena, former REL CFO were also sent to judicial custody till 31 Oct. All five will be produced in the court on Tuesday.

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