UpHealth Holdings has filed a legal case in opposition to two former IAS officers, together with former SEBI chairman for perjury. The authorized transfer has been taken to deal with allegations of perjury and associated offences by making use of Part 340 of the Code of Prison Process, stated the corporate in a press launch.
This software seeks to provoke an inquiry in opposition to a bunch of people and entities, together with former SEBI Chairman M Damodaran, Glocal Healthcare Techniques Personal Restricted, Syed Sabahat Azim, Richa Sana Azim, Gautam Chowdhury, and Kimberlite Social Infra Personal Restricted.
The offences laid out in Part 195(1)(b) of the regulation are on the coronary heart of those allegations.
The submitting of this software follows a sequence of occasions that transpired through the authorized proceedings associated to an arbitral award issued by the Worldwide Chamber of Commerce (ICC).
The award was in reference to a breach of a share buy settlement between UpHealth Holdings Inc and Glocal Healthcare Techniques Personal Restricted. The Calcutta Excessive Courtroom had instructed the respondents to reveal their property, liabilities, and pending litigations as a part of these proceedings.
It was throughout these disclosures that M Damodaran claimed absence from a pivotal assembly on September 26, 2022, which had implications for UpHealth’s rights.
Nevertheless, the minutes of this assembly, which had been withheld for 2 years, had been produced solely after Damodaran’s request. This led the Calcutta Excessive Courtroom to touch upon the “lack of bona fides and unwell motive” within the delay in offering this essential info.
Concerning a current order supposedly handed by the Barasat Courtroom order, information articles reported {that a} cost sheet was filed in opposition to UpHealth officers, regardless of a Calcutta Excessive Courtroom order stopping coercive motion.
The Barasat Courtroom’s order, dated Could 29, 2024, was allegedly handed with out informing UpHealth or the Calcutta Excessive Courtroom, and through a courtroom trip.
UpHealth filed a supplementary affidavit within the Calcutta Excessive Courtroom, highlighting the inconsistency of the Barasat Courtroom’s actions with the Excessive Courtroom’s earlier orders.
The Calcutta Excessive Courtroom permitted UpHealth to file an applicable doc concerning these developments.
Within the perjury matter, the Calcutta Excessive Courtroom has earlier directed Glocal Healthcare Techniques Personal Restricted and others to file an affidavit of their property, liabilities, and pending litigation regarding an Worldwide Chamber of Commerce (ICC) arbitral award.
M Damodaran (ex-SEBI Chief) claimed to not have been current at a vital assembly the place UpHealth’s rights had been defeated, however minutes of the assembly had been produced solely after he requested them, elevating suspicions of fabrication.
Based mostly on these observations and different suspicious circumstances, UpHealth filed an software underneath Part 340 of the Code of Prison Process, 1973, to provoke an inquiry into perjury and associated offences.
Given the courtroom’s observations and different suspicious circumstances surrounding the case, UpHealth Holdings Inc. has shaped an inexpensive perception that the minutes of the assembly in query are ante-dated and fabricated. This perception has prompted the submitting of the applying for an inquiry into perjury and different associated offences.
UpHealth Holdings, Inc. stays steadfast in its dedication to upholding the ideas of justice and integrity in all authorized issues. The corporate appears to be like ahead to the courtroom’s consideration of the applying and the following inquiry into the allegations made in opposition to the events.
