SC rules against 63 Moons-NSEL merger
The apex court allowed an appeal against a Bombay High Court order that upheld the merger decision.
Apr 30, 2019, 16:24 PM IST
NSEL PMLA case: ED attaches assets worth Rs 414.62 crore
The ED on Wednesday attached assets worth Rs 414.62 crore of a Chandigarh-based firm in connection with its money laundering probe in the Rs 5,600-crore NSEL scam.
Mar 15, 2017, 20:28 PM IST
NSEL money laundering case: Enforcement Directorate attaches Rs 1,170 crore assets of FTIL
Stepping up action in the Rs 5,600-crore NSEL money laundering case, the Enforcement Directorate on Friday attached assets worth Rs 1,170 crore of Financial Technologies India Ltd (FTIL).
Sep 30, 2016, 20:55 PM IST
Government to set up special court for all NSEL cases
Government Sunday decided to set up a special court to hear all NSEL related cases on a priority basis while also asked the Enforcement Directorate to expedite action to recover Rs 3,721 crore from defaulters, and regulator Sebi to complete probe of brokers at the earliest.
Jul 24, 2016, 16:09 PM IST
NSEL scam: Jignesh Shah remanded in ED custody till July 18
A court here Wednesday remanded FTIL founder Jignesh Shah, arrested in the Rs 5,600-crore National Spot Exchange Limited scam, in the custody of Enforcement Directorate till July 18.
Jul 13, 2016, 19:35 PM IST
FTIL shares slump nearly 10% after Jignesh Shah's arrest
FTIL shares slump nearly 10% after Jignesh Shah's arrest
Jul 13, 2016, 13:13 PM IST
ED arrests Jignesh Shah in NSEL money laundering scam
The Enforcement Directorate Tuesday arrested FTIL founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited (NSEL) money laundering scam.
Jul 12, 2016, 23:33 PM IST
Conclude NSEL-FTIL merger process by Oct 31: HC to Ministry
The Bombay High Court Friday directed the Union Ministry of Corporate Affairs to complete by October 31 the process of passing final order on the proposed merger of National Spot Exchange of India with Financial Technologies (India) Ltd (FTIL).
Aug 07, 2015, 21:44 PM IST
Assocham lobbies against NSEL merger with parent firm
Opposing the proposed merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent FTIL, industry body Assocham has said that a company cannot be held liable for "any alleged liability" of a subsidiary.
Apr 12, 2015, 16:12 PM IST
SEBI asks FTIL to issue advisory to investors on NSEL matter
Capital markets regulator SEBI Thursday asked Financial Technologies (India) Ltd to issue an 'advisory' on matters relating to a government-proposed merger of its crisis-hit subsidiary NSEL, to help the investors take an "informed decision".
Mar 19, 2015, 20:46 PM IST
NSEL accuses its brokers of hiding their clients' details
The crippled National Spot Exchange (NSEL) Wednesday accused the brokers of not providing the investor details, and said going by the number of details it got so far the total number of investors who have claimed to have lost money looked bogus.
Mar 18, 2015, 21:52 PM IST
NSEL: ED attaches Rs 278 cr oil factory in Gujarat
Enforcement Directorate (ED) Thursday attached a Gujarat-based castor oil extraction plant worth over Rs 278 crore of an accused firm in the multi-crore rupee NSEL scam under anti-money laundering laws.
Mar 13, 2015, 00:37 AM IST
NSEL scam: Brokers of IIFL, Anand Rathi, Geojit arrested
Three senior officials of commodity brokerages IIFL, Anand Rathi and Geojit Comtrade were arrested Tuesday in connection with the Rs 5,600-crore National Spot Exchange scam.
Mar 03, 2015, 18:04 PM IST
Accused firms traded just on 'paper' to launch NSEL scam: ED
Trading activity at the scam-hit NSEL was just being done on "paper" by accused firms as they allegedly laundered genuine investor funds to not only purchase costly properties but also for advertising expenses and settling personal loans, according to the ED.
Feb 08, 2015, 11:01 AM IST
NSEL crisis: Govt mulls Board changes for merged entity
The Corporate Affairs Ministry last week unveiled a proposal to merge NSEL -- which has been embroiled in an over Rs 5,600 crore payment crisis -- with Jignesh Shah-led Financial Technologies (India) Ltd.
Oct 27, 2014, 11:18 AM IST
NSEL pays Rs 141.23 crore to e-Silver unit holders
National Spot Exchange Ltd (NSEL) announced that Rs 43.89 crore was paid as final payment to unit holders of e-Silver transactions, achieving financial closure Wednesday.
Aug 27, 2014, 19:42 PM IST
NSEL scam: ED attaches spinning mill plant in AP
The Enforcement Directorate (ED) Thursday attached a spinning mill plant worth Rs 84 crore in Andhra Pradesh in connection with its money laundering probe in the National Spot Exchange Limited (NSEL).
Aug 21, 2014, 21:40 PM IST
Jignesh Shah files fresh bail plea in HC
MCX promoter Jignesh Shah, held in the Rs 5,000 crore NSEL scam, has filed a petition in the Bombay High Court challenging an order of a special court refusing to grant him bail.
Jun 29, 2014, 19:39 PM IST
NSEL scam: Jignesh Shah's bail plea rejected
A Mumbai court Tuesday rejected the bail application of MCX promoter Jignesh Shah arrested in connection with the Rs 5600 crore NSEL scam.
Jun 24, 2014, 20:04 PM IST
E-series investors redeem Rs 237 crore: NSEL
Crisis-hit NSEL on Sunday said investors who traded in e-series contracts in metals like gold and silver have so far redeemed Rs 237 crore.
Jun 15, 2014, 20:15 PM IST
