The settlement talks between former Fortis Healthcare promoters Malvinder Singh and his brother Shivinder and scam-hit Religare Finvest Ltd remained inconclusive as no proposal was given, a Delhi court was informed Wednesday.
Chief Metropolitan Magistrate Deepak Sherawat was told by RFL's counsel that no proposal was given by Singh brothers and therefore settlement talks remained inconclusive.
The counsel for jailed Singh brothers, arrested for allegedly misappropriating funds of RFL, told the court that it was not possible to come up with a proposal as the accused need to sit together and discuss the issue.
The court then posted for October 25 hearing arguments on bail plea by Singh brothers.
The Singh brothers on Friday sought interim bail from the court saying they wanted to settle the case with the complainant.
The court had on Thursday sent Singh brothers and other accused -- Sunil Godhwani, Kavi Arora and Anil Saxena -- to judicial custody till October 31.
Actor Rakul Preet Singh's Brother Arrested In Drugs Case Amritpal Singh's Brother Arrested In Drug Case, Sent To 14-Day Judicial Custody Sidhu Moose Wala's Parents Welcome Son, Father Balkaur Singh Shares Photo Daughter, 26, Died Of Overwork At EY, No One Attended Funeral: Woman's Letter In 1st Since 2020, US Federal Reserve Cuts Interest Rate By 50 Basis Point 14 Dead, 300 Injured As Walkie-Talkies Explode In Hezbollah Units In Lebanon Animal Fat Was Used In Tirupati Laddoos, Says CB Naidu; YSR Congress Refutes BJP Suspends J&K Unit Vice President For Running Against Party Candidates In 1st Since 2020, US Federal Reserve Cuts Interest Rate By 50 Basis Point Track Latest News Live on NDTV.com and get news updates from India and around the world.