27th Mar 18: ED plans to register case over Mauritius firm’s MCX exit

The Enforcement Directorate is planning to register a case regarding the exit of a foreign investor, Alexandra Mauritius Ltd, from the Multi Commodity Exchange (MCX) without the approval of the … Continue Reading →

24th Mar 18: CBI files case against Jignesh Shah, MCX, 4 former FMC chiefs

The Central Bureau of Investigation (CBI) has registered a case against Jignesh Shah, former managing director of Multi Commodity Exchange of India Ltd (MCX), four former Chairman of Forward Market … Continue Reading →

27th Mar 18: CBI FIR details how rules were bent to help set up MCX

A first information report (FIR) filed by Central Bureau of Investigation against high-ranking officials belonging to MCX and Forward Markets Commission, the then regulator in charge of overseeing the commodities … Continue Reading →

9th Jan 18: Sebi considered news article to acquit ex-MCX officials of insider trading charges

Mumbai: The Securities and Exchange Board of India’s Friday order revoking penalties and trading restrictions on seven people accused in a case of insider trading in the stock of Multi … Continue Reading →

11th Dec 17: Ten issues addressed in FTIL-NSEL merger case

Last week, the Bombay High Court passed a landmark judgment. It dismissed the petition challenging a central government move to merge the payment crisis-hit National Spot Exchange (NSEL) with its … Continue Reading →

04th Dec 17: Bombay HC dismisses 63 Moons’ petition challenging merger with NSEL

The Bombay High Court has dismissed the petition filed by 63 Moons Technologies, formerly known as Financial Technologies India Ltd (FTIL), that challenged the order passed by the Ministry of … Continue Reading →

04th Dec 17: Bombay HC upholds NSEL merger order; 63 Moons to move Supreme Court

MUMBAI: A Bombay High Court bench headed by Chief Justice Manjula Chellur dismissed 63 Moons Technologies’ (formerly Financial Technologies India Ltd) petition challenging the government’s order to merge its scam-hit … Continue Reading →

04th Dec 17: Bombay high court dismisses challenge to FTIL-NSEL merger

MUMBAI: The Bombay high court on Monday dismissed a challenge to the merger of Financial Technologies India Limited, now called 63 Moons Technologies, with its fully-owned subsidiary National Spot Exchange Ltd (NSEL). The judgment was pronounced … Continue Reading →

05th Dec 17: Bombay HC clears the way for FTIL-NSEL merger

Mumbai: The Bombay high court on Monday dismissed a plea filed by 63 Moons Technologies Ltd, formerly Financial Technologies India Ltd (FTIL), opposing a forced merger with its subsidiary National … Continue Reading →

18th Aug 17: Could NSEL scam have been nipped in the bud? Probably, yes

By Chirag Manubhai Shah Haven’t we heard the judiciary often lament about routinely tardy and occasionally compromised investigation being the bane of the justice delivery system? While that is projected … Continue Reading →