NSEL at NCLT: What the MCA sought versus what it got

Varun Marwah June 12 2018

In a petition filed by the Centre against 63 Moons Technologies Limited, formerly known as Financial Technologies (India) Limited (FTIL), the Chennai Bench of NCLT has passed a set of orders, barring Jignesh Shah and nine others from holding directorship in 63 Moons Technologies as well as any other companies.

The proceedings pertain to the Rs. 5600 crore NSEL Scam which was a result of the violation of the conditions that granted an exemption to . . .

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