<h1>Regulatory probe into alleged fund diversion halts cab operations, triggers refunds and market bans against promoters</h1> Regulatory enforcement alleges diversion of loan proceeds at a listed company that secured financing to procure electric vehicles for leasing to a related cab operator; fewer vehicles were delivered than funded, leaving funds unaccounted for. The regulator barred the company and its promoters from securities markets and directorships, ordered a forensic probe, and stayed a stock split. The linked cab service suspended operations and notified customers of a conditional refund window pending resolution.