{"id":54537,"date":"2018-10-26T18:21:11","date_gmt":"2018-10-26T12:51:11","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=54537"},"modified":"2018-10-26T18:21:19","modified_gmt":"2018-10-26T12:51:19","slug":"hc-relief-to-63-moons-eow-attachment","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/hc-relief-to-63-moons-eow-attachment","title":{"rendered":"HC relief to 63 moons: EOW attachment"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\n\nMumbai: The interim relief to 63 moons technologies limited (formerly known as FTIL) in connection with the MPID matter was granted by the Hon&#8217;ble Bombay High Court on Wednesday.<br\/>The Honourable Court stayed various notifications issued in April 2018, attaching the Company\u2019s properties and bank accounts.<br\/>The Court also stayed the attachment of ODIN software and its receivables. The Honourable Court specifically stayed portions on the September 2018 notification, which would now allow 63 moons to continue to receive accrued benefits on its investments in a periodic basis.<br\/>Advocates Mukul Rohtagi and Abad Ponda, arguing on behalf of 63 moons in the case, pointed out that none of the defaulters&#8217; bank accounts were attached by the EOW (Mumbai), despite the entire money trail of Rs 5,600 crore in the NSEL case being established by the agency to 24 entities. They successfully argued that despite around Rs 8,000 crore worth of assets being attached by the EOW in the case, freezing and attaching of 63 moons&#8217; salary accounts and ODIN intellectual property was tantamount to undue harassment, targeting and strangling of the Company.<br\/>\u201cWe have immense faith in the judiciary and our stand is vindicated. We thank all our employees, Board of Directors and the Mentor for having stayed united during this challenging period and also leading us in pursuing judicial remedy&#8221;, the spokesperson for 63 moons technologies limited stated.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The interim relief to 63 moons technologies limited (formerly known as FTIL) in connection with the MPID matter was granted by the Hon&#8217;ble Bombay High Court on Wednesday.The Honourable Court stayed various notifications issued in April 2018, attaching the Company\u2019s properties and bank accounts.The Court also stayed the attachment of ODIN software and its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[43578,43581,43579,31546,43580],"class_list":["post-54537","post","type-post","status-publish","format-standard","hentry","category-top-law-news","tag-63-moons","tag-advocates-mukul-rohtagi-and-abad-ponda","tag-eow-attachment","tag-interim-relief","tag-mpid-matter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HC relief to 63 moons: EOW attachment - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"Mumbai: The interim relief to 63 moons technologies limited (formerly known as FTIL) in connection with the MPID matter was granted by the Hon&#039;ble Bombay - Get the latest legal news from the Supreme Court, High Courts, and government. 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The bench said that if the trio fail\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/12\/pc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":33328,"url":"https:\/\/www.legalindia.com\/news\/hc-relief-two-firms-original-tenants-sangli-bank","url_meta":{"origin":54537,"position":3},"title":"HC relief to two firms, original tenants of Sangli Bank","author":"Legal India Admin","date":"May 19, 2014","format":false,"excerpt":"The Bombay High Court has directed police to unseal and release two offices in a building in the Fort area of south Mumbai to Velhari Trading Company Pvt Ltd and M\/s Auto Investment. The two firms were the tenants of Sangli Bank, now merged with the ICICI Bank. The division\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"justice","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/05\/justice.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":45054,"url":"https:\/\/www.legalindia.com\/news\/not-inclined-grant-interim-relief-bhujbal-bombay-hc","url_meta":{"origin":54537,"position":4},"title":"Not inclined to grant interim relief to Bhujbal: Bombay HC","author":"Legal India News","date":"September 27, 2016","format":false,"excerpt":"The Bombay High Court today said it was not inclined to grant the interim relief sought by former Maharashtra Deputy Chief Minister Chhagan Bhujbal in a petition filed by him, challenging the constitutional validity of certain sections of Prevention of Money Laundering Act. Bhujbal, who is presently in judicial custody\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Chhagan Bhujba","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/Bhujbal.jpg?fit=650%2C434&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/Bhujbal.jpg?fit=650%2C434&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/Bhujbal.jpg?fit=650%2C434&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":53121,"url":"https:\/\/www.legalindia.com\/news\/win-win-for-63-moons-mcas-plea-to-supersede-63-moons-board-dismissed-by-nclt-under-sec-397-of-companies-act-1956","url_meta":{"origin":54537,"position":5},"title":"Win-win for 63 moons; MCA\u2019s plea to supersede 63 moons Board dismissed by NCLT under Sec. 397 of Companies Act, 1956","author":"Legal India Admin","date":"June 12, 2018","format":false,"excerpt":"Mumbai, June 9, 2018: Surpassing the Board of 63 moons technologies limited (formerly known as FTIL) under Section 397 of the Companies Act, 1956, the National Company Law Tribunal (NCLT), Chennai dismissed the plea of the Ministry of Corporate Affairs (MCA). The NCLT completely cleared the present Board of 63\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/06\/SAVE_20171031_143702.png?fit=400%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-ebD","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/54537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=54537"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/54537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=54537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=54537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=54537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}