https://www.taxtmi.com/news?id=41221 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. en-us Thu, 17 Apr 2025 12:46:03 +0530 Thu, 17 Apr 2025 12:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41221 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. News - Thu, 17 Apr 2025 12:46:03 +0530 https://www.taxtmi.com/news?id=41221