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Gurinder Singh Dhillon leads the Radha Soami Satsang Beas, which boasts of a 20-million-strong following across 90 nations.
The top court said that the brothers Malvinder and Shivinder Singh had violated an earlier order by which the sale of their controlling stakes in Fortis Group to Malayasian firm IHH Healthcare was put on hold.
Amid govt's crackdown on defaulting borrowers, former Ranbaxy and Fortis promoters Malvinder & Shivinder Singh have been arrested for routing money to a spiritual leader and a fraud case.
Sebi found that brothers Malvinder and Shivinder Singh have defrauded Fortis Healthcare of Rs 4 billion and ordered them to repay the amount.
Over the years, brothers Malvinder and Shivinder loaned about Rs 2,500 crore to their spiritual guru Gurvinder Singh Dhillon which they failed recover.