Bharatiya Global Infomedia Ltd.

SAT-appeal

• SAT matter SATV-09F6690B5EB9C1F3B6A82949
  Matter stood over to 22 August 2022 for placing before the appropriate Bench.
  Appeal: Miscellaneous Application No. 716 of 2022 in Appeal No. 481 of 2016; order dated 5 August 2022; adjourned to 22 August 2022
• Misstatements/suppression in RHP/prospectus and diversion/mis-utilisation of IPO proceeds; 67.6% funds not used for stated objects with undisclosed vendor advances and property deal.
  SAT upholds AO findings on IPO fund mis-utilisation and misleading RHP statements - no interference · SAT confirms non-disclosure of pre-RHP vendor payments was material - AO finding confirmed
  Appeal: Appeal No.481 of 2016 against AO order dated 17 April 2014; reserved 10.4.2019, decided 25.6.2019
• SAT matter SATV-4B94779FE2061272916F5595
  Review Application No.32 of 2019 dismissed · Misc. Application No.674 of 2019 disposed of accordingly
  Appeal: Appeal filed before Supreme Court against SAT order dismissed on 16 September 2019
• SAT matter SATV-E245851D81BB26747055AB96
  Appeal No. 482 of 2016 disposed of as infructuous · Findings in WTM order dated August 8, 2014 not to be treated as upheld by Tribunal
  Appeal: Appeal No. 482 of 2016 disposed of as infructuous on 20.11.2017 with no order as to costs