{"id":33451,"date":"2014-05-26T11:09:43","date_gmt":"2014-05-26T05:39:43","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=33451"},"modified":"2014-05-26T11:09:43","modified_gmt":"2014-05-26T05:39:43","slug":"andhra-hc-lifts-stay-ranbaxy-sun-pharma-merger","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/andhra-hc-lifts-stay-ranbaxy-sun-pharma-merger","title":{"rendered":"Andhra HC lifts stay on Ranbaxy, Sun Pharma merger"},"content":{"rendered":"<p><a href=\"https:\/\/www.legalindia.in\/news\/andhra-hc-lifts-stay-ranbaxy-sun-pharma-merger\/sun-pharma\" rel=\"attachment wp-att-33452\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"33452\" data-permalink=\"https:\/\/www.legalindia.com\/news\/andhra-hc-lifts-stay-ranbaxy-sun-pharma-merger\/sun-pharma\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/05\/sun-pharma.jpg?fit=248%2C186&amp;ssl=1\" data-orig-size=\"248,186\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"sun pharma\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/05\/sun-pharma.jpg?fit=248%2C186&amp;ssl=1\" class=\"alignright wp-image-33452 size-full\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/05\/sun-pharma.jpg?resize=248%2C186&#038;ssl=1\" alt=\"sun pharma\" width=\"248\" height=\"186\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/05\/sun-pharma.jpg?w=248&amp;ssl=1 248w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/05\/sun-pharma.jpg?resize=150%2C112&amp;ssl=1 150w\" sizes=\"auto, (max-width: 248px) 100vw, 248px\" \/><\/a>Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are trading higher by up to 3% in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay.<\/p>\n<p>The Andhra Pradesh High Court on Saturday vacated a status quo order it had issued earlier on Sun Pharma-Ranbaxy merger process, paving the way for the pharma giants becoming a single entity, the PTI report suggests.<\/p>\n<p>In order, vacation judge G Chandraiah said there was no need for the status quo, as Sebi was already inquiring into the insider-trading allegations and the process of merger was outside the purview of this probe, added report.<\/p>\n<p>Ranbaxy Laboratories has surged 5% to Rs 460, while Sun Pharma gained nearly 4% to Rs 607 on the Bombay Stock Exchange.<\/p>\n<p>(Source: PTI)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are trading higher by up to 3% in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay. The Andhra Pradesh High Court on Saturday vacated a status quo order it had issued earlier [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":33452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[28547,47765,28546,24845,2074,28548,47774,47775,23371],"class_list":["post-33451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-merger","tag-news","tag-pharma","tag-ranbaxy","tag-sebi","tag-sun-pharma","tag-todays-news","tag-todays-top-news","tag-top-news"],"yoast_head":"<!-- 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The HC may take up hearing on the petition on May 15. Based on a petition filed by\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Daiichi","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/05\/Daiichi.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":28937,"url":"https:\/\/www.legalindia.com\/news\/sc-dismisses-pil-seeking-curbs-on-sale-of-ranbaxy-drugs","url_meta":{"origin":33451,"position":1},"title":"SC dismisses PIL seeking curbs on sale of Ranbaxy drugs","author":"Legal India Admin","date":"June 26, 2013","format":false,"excerpt":"The Supreme\u00a0Court\u00a0Tuesday dismissed a petition for prohibiting\u00a0Ranbaxy\u00a0from producing and marketing its alleged \"adulterated\" medicines in the Indian market in the wake of reports of the pharma major having sold misbranded drugs in the US. A bench of Justice A.K.Patnaik and Justice Ranjan Gogoi dismissed the Public Interest Litigation (PIL) by\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52684,"url":"https:\/\/www.legalindia.com\/news\/daiichi-ranbaxy-row-high-court-allows-sale-of-singh-brothers-firms","url_meta":{"origin":33451,"position":2},"title":"Daiichi-Ranbaxy row: High Court allows sale of Singh brothers&#8217; firms","author":"Legal India Admin","date":"May 9, 2018","format":false,"excerpt":"The Delhi High Court today allowed the sale of unencumbered shares of the firms of former promoters of India's Ranbaxy Laboratories Ltd in listed companies to repay the Rs 3,500 crore arbitration award in favour of Japanese pharma major Daiichi Sankyo. Justice Jayant Nath also directed the debtors to fully\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/Delhi-High-Court.jpg?fit=640%2C480&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/Delhi-High-Court.jpg?fit=640%2C480&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/Delhi-High-Court.jpg?fit=640%2C480&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":55042,"url":"https:\/\/www.legalindia.com\/news\/2018-supreme-court-came-down-heavily-on-real-estate-honchos","url_meta":{"origin":33451,"position":3},"title":"2018: Supreme Court came down heavily on real estate honchos","author":"Legal India Admin","date":"January 2, 2019","format":false,"excerpt":"Corporate legal battle involving big business houses like ArcelorMittal and Nmetal on taking over of Essar Steel and tough stand against the automobile industry on emission norms kept the Supreme Court busy in 2018 during which it also gave a body blow to real estate honchos. Be it real estate\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":51437,"url":"https:\/\/www.legalindia.com\/news\/top-indian-lawyers-argue-ranbaxy-daiichi-appeal-singapore","url_meta":{"origin":33451,"position":4},"title":"Top Indian lawyers to argue Ranbaxy-Daiichi appeal in Singapore","author":"Legal India Admin","date":"January 31, 2018","format":false,"excerpt":"India's two top lawyers will be arguing in the Singapore Court of Appeal the case of Japan's Daiichi Sankyo Company and Ranbaxy Laboratories of India, according to a media report. Ranbaxy has taken on senior advocate Harish Salve who is also the first non-Queen's Counsel (QC) foreign lawyer, and the\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/01\/ranbaxy.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":55033,"url":"https:\/\/www.legalindia.com\/news\/2018-corporate-legal-cases-kept-delhi-hc-busy","url_meta":{"origin":33451,"position":5},"title":"2018: Corporate legal cases kept Delhi HC busy","author":"Legal India Admin","date":"January 2, 2019","format":false,"excerpt":"Corporate legal cases saw companies from various sectors including telecom, aviation, banking and agro knocking on the doors of the Delhi High Court for relief in 2018. In the year gone by, the pharma sector also witnessed an ugly legal fight between the former promoters of healthcare major Ranbaxy --\u2026","rel":"","context":"In &quot;Consumer Law News&quot;","block_context":{"text":"Consumer Law News","link":"https:\/\/www.legalindia.com\/news\/category\/consumer-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/hc-300x168.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-8Hx","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/33451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=33451"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/33451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/33452"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=33451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=33451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=33451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}