MPID Court Directs EOW To Investigate Former FMC Chairman Ramesh Abhishek's Role In NSEL Case
In its detailed representation to the EOW in 2020, NSEL highlighted several instances of negligence and failures on the part of Ramesh Abhishek, which the agency did not investigate.
May 31, 2023, 14:52 PM IST
HC junks FTIL's petition against govt order to merge with NSEL
The Bombay High Court on Monday dismissed a petition filed by the erstwhile Financial Technologies (India) Ltd (FTIL) challenging a 2016 decision of the Union government ordering its merger with its subsidiary, National Spot Exchange Ltd (NSEL).
Dec 04, 2017, 14:34 PM IST
Sebi order: Jignesh Shah says no violations; alleges conspiracy
The NSEL scam came to light during the previous UPA regime.
Aug 04, 2017, 14:37 PM IST
Sebi issues fresh showcause notice to brokers in NSEL case
Multiple agencies including Sebi are probing the irregularities that happened at the now-defunct National Spot Exchange Ltd.
Apr 28, 2017, 15:12 PM IST
Sebi board to meet on Saturday to discuss reform measures
Markets regulator Sebi's board will meet on Saturday to take forward reform measures and discuss amending Debenture Trustee regulations, steps taken regarding P-notes, collective investment scheme and cases involving NSE and NSEL.
Feb 10, 2017, 13:53 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 sent to police custory till July 18
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Jul 13, 2016, 23:39 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
FTIL-NSEL merger: MCA says 96% objections 'orchestrated'
In a first-ever move forcing the amalgamation of two private companies, the MCA has ordered the merger of crisis- hit National Spot Exchange Ltd (NSEL) with its parent FTIL (Financial Technologies India Ltd) in "public interest".
Feb 14, 2016, 17:40 PM IST
Govt orders merger of NSEL with Financial Technologies
This is the first case of the government ordering merger of two private companies invoking a rarely used clause in the companies law.
Feb 12, 2016, 21:41 PM IST
ED opposed merger of NSEL with FTIL: FinMin
The Enforcement Directorate (ED) had opposed merger of the crisis-hit National Spot Exchange Ltd (NSEL) with Jignesh Shah-promoted FTIL, saying such a move would impede investigation in the Rs 5,600-crore payment scam, the Finance Ministry said Thursday.
Oct 15, 2015, 22:56 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
FTIL's exit from MCX-SX is complete
Crisis-hit Financial Technologies India Ltd (FTIL) Wednesday said it has completed the sale of its entire 5 percent stake in MCX-SX for nearly Rs 89 crore, thus exiting the bourse.
Apr 15, 2015, 22:00 PM IST
Vested interests trying to scuttle proposed settlement: NSEL
Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 crore alleged scam, Tuesday said vested interests are trying to scuttle its proposed settlement plan to resolve this issue.
Apr 14, 2015, 22:04 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
FTIL-NSEL swap ratio finalised; NAFED to get 38 shares
The government has finalised the share swap ratio for the proposed merger of crisis-hit NSEL with its parent Financial Technologies, which itself will not get any share.
Apr 10, 2015, 18:02 PM IST
MSX says not linked to FTIL, NSEL and their promoters anymore
Metropolitan Stock Exchange, formerly known as MCX Stock Exchange or MCX-SX, on Thursday said it is no more linked to Financial Technologies, NSEL and its promoters and operates as a separate and independent entity.
Apr 02, 2015, 18:48 PM IST
ED names Jignesh, Massey, 66 others in NSEL case charge sheet
FTIL founder Jignesh Shah, MCX-SX's Joseph Massey and former NSEL CEO Anjani Sinha are among 68 accused named in the Enforcement Directorate (ED) charge sheet in the National Spot Exchange Limited scam case.
Apr 01, 2015, 22:09 PM IST
FTIL offers Rs 1000cr settlement plan; brokers reject proposal
Financial Technologies today said it has submitted to the government a Rs 1,000-crore settlement plan, including Rs 500-crore to be contributed by brokers, to clear the claims of small and mid-sized investors on scam-hit National Spot Exchange Ltd (NSEL).
Mar 31, 2015, 16:44 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
