Paisabazaar gets adverse order under Benami Property Transactions Act
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PB Fintech's subsidiary, Paisabazaar, received an adverse order under the Prohibition of Benami Property Transactions Act, 1988, from the Adjudicating Authority. The order, dated March 24, 2026, confirms a previous ruling against certain vendors, alleging Paisabazaar as the "beneficial owner" of transactions. Despite this, PB Fintech asserts that the ruling won't impact its financial health and plans to appeal the decision.
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