CBI today arrested the promoter of FTIL Jignesh Shah in a case of alleged cheating and suppression of facts in getting SEBI extension to MCX-SX
Mumbai: The Bombay High Court on Friday granted conditional bail to FTIL promoter Jignesh Shah, who was arrested in the Rs 5,574 crore National Stock Exchange Ltd (NSEL) scam.Shah - who spent over three months
Mumbai: The sessions court here today heard the bail application of MCX promoter Jignesh Shah and his aide, arrested in Rs 5,600 crore NSEL payment scam case.After hearing his lawyers, the court adjourned the case
Mumbai: A sessions court today remanded MCX promoter Jignesh Shah and former managing director and chief executive of the commodity exchange Shreekant Javalgekar in judicial custody till May 31 in connection with the alleged Rs
Mumbai: Aggrieved investors who termed Financial Technologies Chairman Jignesh Shah as India's biggest scamster, demanded here today, that the case against him should be fast tracked, so that he is convicted and his assets which
New Delhi: NSEL Investors Forum Wednesday hoped that the arrest of FTIL chief Jignesh Shah will help in early recovery of funds in the Rs 5,600-crore payment scam at the spot exchange.NSEL Investors Forum represents
Mumbai: The Financial Technologies and Multi-Multi Commodities Exchange (MCX) promoter Jignesh Shah was arrested today by the EoW of Mumbai Police for his alleged involvement in the Rs 5,600-crore National Spot Exchange Limited (NSEL) scam.“We
Mumbai: The Bombay High Court today asked the Chairman of Forward Markets Commission and Director of Enforcement Directorate to appear before it on May 7, so that it can take decision about the liquidation of
New Delhi: Embattled spot commodity bourse NSEL has settled Rs 330 crore, or 6 percent of the amount due to investors since it suspended operations, missing its own deadline to clear payments.The National Spot Exchange
Mumbai: In a relief to the investors of the now defunct NSEL, a special court trying the spot exchange's Rs 5,600-crore payment crisis case, is likely to appoint a liquidator in a week's time, police
Mumbai: The Bombay High Court today allowed two weeks time to National Spot Exchange Ltd to intervene in a PIL seeking transfer of probe by Mumbai Police to CBI into the alleged Rs 5,500-crore scam.A
Mumbai: The Managing Director of a top defaulting company linked to the Rs 5,600-crore payment crisis at the now defunct National Spot Exchange Ltd (NSEL) has been arrested, taking the number of those held in
New Delhi: Finance Minister P Chidambaram today said that the Government has taken “swift action” to ensure that the Rs. 5,600-crore payment crisis at NSEL does not spill over to other regulated segments of the
Mumbai: Jignesh Shah, promoter of scam-hit National Spot Exchange Ltd (NSEL), was today grilled by police for several hours even as the ongoing probe showed some broking firms and their directors had linked up with
Mumbai: Jignesh Shah promoted-Financial Technologies India Ltd today urged the Bombay High Court to grant temporary protection from the order of Forward Market Commission (FMC) seeking reduction of its shareholding in Multi-Commodity Exchange from 26
Mumbai: The Mumbai Police today filed a 9,800-page chargesheet against five accused arrested in connection with the National Spot Exchange Ltd (NSEL) scam, which involves a payment default of Rs 5,600 crore.The voluminous charge sheet
Mumbai: The Bombay High Court today refused to appoint a Court Commissioner on a plea made by scam-hit NSEL as Rs 80 crore was expected to come in from the borrowers in the next few
New Delhi: In a severe indictment, commodity market regulator FMC has said Jignesh Shah and his firm FTIL are not ‘fit and proper' to run any exchange in the country and charged him of being
Mumbai: The troubled National Spot Exchange Ltd (NSEL), facing a payment crisis of Rs 5,600 crore, said today one of its defaulters P D Agroprocessors has agreed to pay Rs 42.77 crore in eight instalments.The
New Delhi: Crisis-ridden bourse NSEL today paid about Rs 9 crore against the scheduled payment amount of Rs 174.72 crore, defaulting for the 17th straight time. With today's pay-out, NSEL has so far settled about
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