1. PB Fintech's Paisabazaar Hit with Benami Act Order Over Vendor Transactions
PB Fintech's lending subsidiary, Paisabazaar, has been formally served with an order from the Adjudicating Authority under India's stringent Prohibition of Benami Property Transactions Act. The order, issued by the Department of Revenue's authority on March 26, invokes Section 26(3) of the 1988 Act, which governs the a...