Salve, Dwarkadas, Khambata et al appear as Bombay HC dismisses 63 moons challenge to NSEL merger [Read judgment]

A Division Bench of the Bombay High Court today dismissed an appealĀ 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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