NSEL
MPID Court directs EOW to investigate former FMC chairman Ramesh Abhishek's role in NSEL case
Wed, May 31, 2023
An application was filed by NSEL on the backdrop that the EOW filed its final charge sheet in December 2022 but had not investigated the role of FMC and more so that of Abhishek in the NSEL case.
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Relief To Commodity Brokers In NSEL Case; Watch Which Commodity Brokers Got Immediate Relief?
Thu, Jun 09, 2022
In a big development, commodity brokers have got a relief from the Securities Appellate Tribunal (SAT) in NSEL matter. The appellate tribunal has directed Securities and Exchange Board of India (SEBI) to again hear the 'fit and proper' case where these commodity brokers were found not 'fit and proper' by the market regulator. Which commodity brokers got immediate relief? Watch this video to know from Brijesh Kumar
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NSEL scam : More than 5000 investors wait for justice
Wed, Jul 31, 2019
NSEL case relates to a payment default at the National Spot Exchange that occurred in 2013. Three spot exchanges, NSEL, NSPOT and National APMC were exempted by the government under Section 27 of FCRA to conduct forward trading in one day contracts.
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Supreme Court sets aside Centre’s 2016 merger order of NSEL with 63 moons
Tue, Apr 30, 2019
The Supreme Court on Tuesday allowed a plea against the Union government's order for the merger of over Rs 5500 crore scam-hit National Spot Exchange Ltd with Financial Technologies India Ltd, now known as 63 Moons Technologies Ltd, in public interest.
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Phillip Commodities barred from commodity broking
Thu, Feb 28, 2019
The order signed by Madhabhi Puri Buch, whole time member of SEBI said, "I, in exercise of the powers... declare that the noticee is not a fit and proper person to hold, directly or indirectly, the certificate of registration as commodity derivatives broker."
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NSEL scam: SEBI declares commodity arms of Motilal Oswal, IIFL 'not fit and proper'
Sat, Feb 23, 2019
The Securities and Exchange Board of India (SEBI) has declared the commodity broking arms of Motilal Oswal and India Infoline (IIFL) as 'not fit and proper', as part of action in the NSEL case.
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