A Division Bench of the Bombay High Court today dismissed an appeal filed by 63 moons technologies limited, challenging the decision of the Ministry of Corporate Affairs (MCA) to merge it with the liability-ridden National Spot Exchange Limited (NSEL).
The Bench of Chief Justice Manjula Chellur and Justice MS Sonak, however, allowed the appellant twelve weeks' time before the notification comes into force.
The merger notification was issued by the MCA in exercise of its powers . . .
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