@docvinny This is available in public domain as published about a week ago:
Income Tax Investigation
When asked about the ongoing investigation by the Income Tax Department regarding alleged tax evasion, Maheshwari stated, “There is no such tax demand pending against me. So, there is nothing for me to comment on that.”
He further clarified, “The rest of the disclosures are made in the DRHP. There is no tax demand on me at all, from the income tax department.”
The draft red herring prospectus (DRHP) filed by Brainbees Solutions Limited includes a statement that reads, “Our Director, Supam Maheshwari, and our subsidiary, Globalbees Brands, have received a notice dated February 8, 2024, from the ROC Delhi directing Globalbees Brands to furnish certain documents.”
Additionally, the DRHP outlines ongoing litigations involving the company, noting that outstanding tax proceedings include six direct tax cases and five indirect tax cases, totaling an ascertainable amount of Rs 5.957 crore.