https://www.taxtmi.com/caselaws?id=302686 The Tribunal allowed the appeals, ruling that there was no deliberate misstatement in the prospectus and the utilization of IPO proceeds in ICDs did not violate ICDR Regulations. The Tribunal found the WTM's conclusions lacked evidence and were based on surmises. All appeals were allowed, and parties were directed to bear their own costs. en-us Thu, 26 Aug 2021 00:00:00 +0530 Sat, 11 Jun 2022 08:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302686 The Tribunal allowed the appeals, ruling that there was no deliberate misstatement in the prospectus and the utilization of IPO proceeds in ICDs did not violate ICDR Regulations. The Tribunal found the WTM's conclusions lacked evidence and were based on surmises. All appeals were allowed, and parties were directed to bear their own costs. Case-Laws SEBI Thu, 26 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302686