https://www.taxtmi.com/news?id=49959 Allegations contend the subsidiary operated as a sham entity to avoid NBFC classification, enabling offshore lenders to be tapped via INR denominated instruments secured by the parent's listed stake, and to route remittances and intercompany loans with extended maturities; the group disputes this, asserting compliance with laws, governance standards, and disclosures. The claims implicate foreign exchange, companies, anti money laundering and disclosure regimes and suggest potential regulatory intervention could alter lenders' recovery positions. en-us Sun, 20 Jul 2025 15:46:03 +0530 Sun, 20 Jul 2025 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49959 Allegations contend the subsidiary operated as a sham entity to avoid NBFC classification, enabling offshore lenders to be tapped via INR denominated instruments secured by the parent's listed stake, and to route remittances and intercompany loans with extended maturities; the group disputes this, asserting compliance with laws, governance standards, and disclosures. The claims implicate foreign exchange, companies, anti money laundering and disclosure regimes and suggest potential regulatory intervention could alter lenders' recovery positions. News - Sun, 20 Jul 2025 15:46:03 +0530 https://www.taxtmi.com/news?id=49959