Tilak Ventures Ltd. (formerly Tilak Finance Ltd.)

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO's cumulative penalty of Rs. 70 lakhs upheld, no manifest error found
AO cumulative penalty of Rs. 70 lakhs upheld; no manifest error found

SAT-appeal

Company funded its own preferential issue through conduits and misled investors and shareholders regarding raising of funds through preferential shares.
Appeals fail and are dismissed in limine without any order as to costs · AO's cumulative penalty of Rs. 70 lakhs upheld, no manifest error found
Appeal: Appeal Nos. 662, 663, 673 and 674 of 2021 dismissed in limine on 15.11.2021
Company funded its own preferential issue through conduits and misled investors and shareholders regarding raising of funds through preferential shares.
Appeals dismissed in limine without any order as to costs · AO cumulative penalty of Rs. 70 lakhs upheld; no manifest error found
Appeal: Appeal Nos. 662, 663, 673 and 674 of 2021 disposed on 15.11.2021 - dismissed in limine

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Source: SecMarx — Tilak Ventures Ltd. (formerly Tilak Finance Ltd.). AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.