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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 21-NOV-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

PERSONS: DIRECTED TO BRING BACK RS.2,13,47,647.00 TO THE COMPANY WHICH WERE DIVERTED IN GUISE OF REPAYMENT OF LOANS TO HANDFUL INVESTRADE PVT.LTD., SHREE NATH COMMERCIAL & FINANCE LTD. AND ANMOL FINANCE CO.

S.No. PERSON ENTITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person GIRIRAJ KISHORE AGARWAL

(PAN:AABPA4928N)  
History of entity/person TILAK VENTURES LTD.

(PAN:AAACT2373C)
  		MISUTILISED PROCEEDS OF THE PREFERENTIAL ISSUE

CARRIED OUT NBFC ACTIVITIES WITHOUT REGISTRATION/CLASSIFICATION FROM THE RBI

RECEIVED APPLICATION MONEY OF RS.1.44 CREORE AND LOANS GIVEN BEFORE SHAREHOLDERS APPROVAL OF PREFERENTIAL ISSUE

SIPHONED PROCEEDS OF PREFERENTIAL ISSUE OF EQUITY SHARES

DID NOT MAKE TRUE, FAIR AND TRANSPARENT DISCLOSURE TO SHAREHOLDERS DURING RATIFICATION ABOUT UTILIZATION/ MISUTILISATION/ DIVERSION OF PROCEEDS OF PREFERENTIAL ISSUE OF EQUITY SHARES  		DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-JUL-2023 TO 26-JAN-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 27-JUL-2023 TO 26-JAN-2024

DIRECTED TO BRING BACK RS.2,13,47,647.00 TO THE COMPANY WHICH WERE DIVERTED IN GUISE OF REPAYMENT OF LOANS TO HANDFUL INVESTRADE PVT.LTD., SHREE NATH COMMERCIAL & FINANCE LTD. AND ANMOL FINANCE CO.

IMPOSED PENALTY RS.7,00,000

27-JUL-2023 		SAT: SAT VIDE ITS ORDER DATED 28/08/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. EFFECT AND OPERATION OF IMPUGNED ORDER TO REMAIN STAYED SUBJECT TO THE PENALTY AMOUNT DEPOSITED

SAT: SAT VIDE ITS ORDER DATED 17/10/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 05/01/2024 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 16/02/2024 ALLOWED THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 19/04/2024 ALLOWED THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 08/07/2024 GRANTED APPELLANTS TWO WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 22/08/2024 GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER
2 
History of entity/person TANU GIRIRAJ KISHORE AGARWAL

(PAN:AADPA7003J)  
History of entity/person TILAK VENTURES LTD.

(PAN:AAACT2373C)
  		MISUTILISED PROCEEDS OF THE PREFERENTIAL ISSUE

CARRIED OUT NBFC ACTIVITIES WITHOUT REGISTRATION/CLASSIFICATION FROM THE RBI

RECEIVED APPLICATION MONEY OF RS.1.44 CREORE AND LOANS GIVEN BEFORE SHAREHOLDERS APPROVAL OF PREFERENTIAL ISSUE

SIPHONED PROCEEDS OF PREFERENTIAL ISSUE OF EQUITY SHARES

DID NOT MAKE TRUE, FAIR AND TRANSPARENT DISCLOSURE TO SHAREHOLDERS DURING RATIFICATION ABOUT UTILIZATION/ MISUTILISATION/ DIVERSION OF PROCEEDS OF PREFERENTIAL ISSUE OF EQUITY SHARES  		DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-JUL-2023 TO 26-JAN-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 27-JUL-2023 TO 26-JAN-2024

DIRECTED TO BRING BACK RS.2,13,47,647.00 TO THE COMPANY WHICH WERE DIVERTED IN GUISE OF REPAYMENT OF LOANS TO HANDFUL INVESTRADE PVT.LTD., SHREE NATH COMMERCIAL & FINANCE LTD. AND ANMOL FINANCE CO.

IMPOSED PENALTY RS.7,00,000

27-JUL-2023 		SAT: SAT VIDE ITS ORDER DATED 28/08/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. EFFECT AND OPERATION OF IMPUGNED ORDER TO REMAIN STAYED SUBJECT TO THE PENALTY AMOUNT DEPOSITED

SAT: SAT VIDE ITS ORDER DATED 17/10/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 05/01/2024 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 16/02/2024 ALLOWED THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 19/04/2024 ALLOWED THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 08/07/2024 GRANTED APPELLANTS TWO WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 22/08/2024 GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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