https://www.taxtmi.com/news?id=43503 Allegations assert that a real estate promoter misrepresented facts to obtain bank loans and diverted loan proceeds to related parties and shell companies; a financial creditor initiated insolvency proceedings, an Insolvency Resolution Professional ordered an audit which allegedly revealed major financial discrepancies and fund diversion, and based on those findings the Economic Offences Wing registered a case and arrested the promoter while other criminal and Enforcement Directorate investigations continue. en-us Mon, 12 May 2025 20:01:03 +0530 Mon, 12 May 2025 20:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43503 Allegations assert that a real estate promoter misrepresented facts to obtain bank loans and diverted loan proceeds to related parties and shell companies; a financial creditor initiated insolvency proceedings, an Insolvency Resolution Professional ordered an audit which allegedly revealed major financial discrepancies and fund diversion, and based on those findings the Economic Offences Wing registered a case and arrested the promoter while other criminal and Enforcement Directorate investigations continue. News - Mon, 12 May 2025 20:01:03 +0530 https://www.taxtmi.com/news?id=43503