05-27-2007, 11:10 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Trehan, patients take heart as Fortis bows </b>
Pioneer.com
Staff Reporter | New Delhi
The tussle between Dr Naresh Trehan and the Escorts management, now being run by the Fortis Group, finally ended with the management making a big climbdown and reinstating the top cardiologist.
Trehan, removed as executive director last week, was reinstated to his earlier position. A joint statement said events of the last few days were due to misunderstanding and regretted by all. "These allegations stand unconditionally withdrawn," it said.Â
This ended the faceoff between Fortis Healthcare MD Shivender Mohan Singh who has majority stakes in Escorts, and Trehan. Singh, who took charge of EHIRC, relinquished the new position under the new settlement and will now continue as MD of EHIRC, the statement said. Trehan will continue as executive director of the institute.
Sources, however, said that <b>Trehan would have to give up his 10 per cent stakes in Escorts as part of the compromise formula</b>. The statement said Escorts recognised Trehan's contribution and the management would like to ensure a healthy and smooth work environment. ''The whole idea is to do the healing process so that patients can recover. Shivinder Singh and I have talked and a positive thing has happened between the management and myself,'' Trehan said. Both parties have agreed to withdraw the case in court.
The controversy had erupted when Trehan was asked to quit as head of Escorts by the Fortis management last week. The matter reached Delhi High Court which advised the two parties to resolve the dispute amicably.Â
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Pioneer.com
Staff Reporter | New Delhi
The tussle between Dr Naresh Trehan and the Escorts management, now being run by the Fortis Group, finally ended with the management making a big climbdown and reinstating the top cardiologist.
Trehan, removed as executive director last week, was reinstated to his earlier position. A joint statement said events of the last few days were due to misunderstanding and regretted by all. "These allegations stand unconditionally withdrawn," it said.Â
This ended the faceoff between Fortis Healthcare MD Shivender Mohan Singh who has majority stakes in Escorts, and Trehan. Singh, who took charge of EHIRC, relinquished the new position under the new settlement and will now continue as MD of EHIRC, the statement said. Trehan will continue as executive director of the institute.
Sources, however, said that <b>Trehan would have to give up his 10 per cent stakes in Escorts as part of the compromise formula</b>. The statement said Escorts recognised Trehan's contribution and the management would like to ensure a healthy and smooth work environment. ''The whole idea is to do the healing process so that patients can recover. Shivinder Singh and I have talked and a positive thing has happened between the management and myself,'' Trehan said. Both parties have agreed to withdraw the case in court.
The controversy had erupted when Trehan was asked to quit as head of Escorts by the Fortis management last week. The matter reached Delhi High Court which advised the two parties to resolve the dispute amicably.Â
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