Midas Touch Investors Association has written to the market regulator and the merchant bankers of BSE's upcoming IPO saying a pending litigation has not been disclosed in the IPO documents.
In the letter , the association led by Noida-based Virender Jain has stated that certain important and material facts have been concealed and not-disclosed in the prospectus.
"Under "Outstanding Litigation" the Writ Petition filed by us (Midas Touch Investors Association) has not been disclosed and "Risk Factors" arising out of this writ petition like penalties, fines, suspension of BSE licence or third-party lawsuits and prosecution of officials and executives etc. have also