PMLA Appellate Tribunal also releases assets of 63 Moons from ED attachment.

The PMLA Appellate Tribunal, on Tuesday released the assets of 63 moons from attachment by the Enforcement Directorate (ED). This order comes soon after the Bombay High Court order, which quashed  the attachments of 63 moons assets under the MPID Act. However, the Tribunal, after quashing the attachment orders, has made it subject to filing […]

Read More…

63 moons wins MPID case in Bombay HC;Court rules NSEL is not financial establishment

In a victory for 63 Moons Technologies Limited, formerly known as Financial Technologies (India) Ltd, and its group CEO Jignesh Shah in the Rs 5,600 crore National Spot Exchange Ltd (NSEL) scam case the Bombay high court on Thursday held that it is not a financial institution and hence notifications for attachment of the company’s […]

Read More…

HC relief to 63 moons: EOW attachment

Mumbai: The interim relief to 63 moons technologies limited (formerly known as FTIL) in connection with the MPID matter was granted by the Hon’ble Bombay High Court on Wednesday.The Honourable Court stayed various notifications issued in April 2018, attaching the Company’s properties and bank accounts.The Court also stayed the attachment of ODIN software and its […]

Read More…