NSEL Scam: Bombay HC grants interim relief to 63 Moons

Varun Marwah October 28 2018

The Bombay High Court has granted interim relief to 63 Moons Technologies (formerly Financial Technologies) by staying various notifications issued by the Maharashtra Government attaching the properties of 63 moons technologies and its bank accounts, including the IPR of its ODIN software and its receivables.

The interim order passed by Justices Bharati Dangre and Ranjit More is in response to a writ petition filed by 63 Moons challenging Sections 4 and 5 of the Maharashtra Protection of Interest of Depositors (In Financial Establishment . . .

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