{"id":56959,"date":"2019-07-31T17:44:18","date_gmt":"2019-07-31T12:14:18","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=56959"},"modified":"2019-07-31T17:44:18","modified_gmt":"2019-07-31T12:14:18","slug":"high-court-notice-to-p-chidambaram-over-10000-crores-damages-suit","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/high-court-notice-to-p-chidambaram-over-10000-crores-damages-suit","title":{"rendered":"High Court Notice To P Chidambaram Over 10,000 Crores Damages Suit"},"content":{"rendered":"<p>The Bombay High Court has issued notices to former finance minister P Chidambaram &amp; two serving bureaucrats in connection with a suit demanding Rs. 10,000 crore in damages filed by 63 moons technologies, formerly known as Financial Technologies Ltd.<br \/>\nThe high court asked them to remain present in person or through their lawyers on October 15 &#8220;to answer the plaintiff&#8217;s claim&#8221;.<\/p>\n<p>The company filed the suit on June 12 before the high court against Congress leader P Chidambaram &amp; bureaucrats KP Krishnan &amp; Ramesh Abhishek, accusing them of taking &#8220;malicious &amp; malafide&#8221; action against it.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-19.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"270\" height=\"187\" data-attachment-id=\"56946\" data-permalink=\"https:\/\/www.legalindia.com\/news\/high-court-grants-pre-arrest-bail-to-maha-cop-accused-of-raping-colleague\/download-19-2\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-19.jpg?fit=270%2C187&amp;ssl=1\" data-orig-size=\"270,187\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"download (19)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-19.jpg?fit=270%2C187&amp;ssl=1\" class=\"alignleft size-full wp-image-56946\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-19.jpg?resize=270%2C187&#038;ssl=1\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-19.jpg?w=270&amp;ssl=1 270w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-19.jpg?resize=144%2C100&amp;ssl=1 144w\" sizes=\"auto, (max-width: 270px) 100vw, 270px\" \/><\/a>The high court issued the notices against them on July 24.<\/p>\n<p>&#8220;You (defendants) are hereby summoned to appear before the concerned judge to answer the plaintiff&#8217;s claim on October 15, 2019, either in person or through an advocate,&#8221; the order by court registry said.<\/p>\n<p>&#8220;Take notice that on the day mentioned before, after the parties appear, hearing will be given by the concerned judge as to the date of trial &amp; other matters concerning the suit,&#8221; it said.<\/p>\n<p>63 moons has filed the suit against Chidambaram, Krishnan, Secretary, Ministry of Skill Development, &amp; Ramesh Abhishek, then Chairman of Forward Market Commission (FMC) &amp; now outgoing Secretary, Department for Industrial Policy &amp; Promotion.<\/p>\n<p>It alleged that the company was facing continuous &#8220;targeted &amp; malafide actions&#8221; in the wake of an engineered payment default crisis at one of its subsidiaries, the National Spot Exchange Ltd (NSEL).<\/p>\n<p>According to the suit, there is no money trail traced to NSEL, 63 moons &amp; its founder Jignesh Shah by multiple investigative agencies.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bombay High Court has issued notices to former finance minister P Chidambaram &amp; two serving bureaucrats in connection with a suit demanding Rs. 10,000 crore in damages filed by 63 moons technologies, formerly known as Financial Technologies Ltd. The high court asked them to remain present in person or through their lawyers on October [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56946,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_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}},"categories":[20124],"tags":[45194,45195,45191,45193,45192],"class_list":["post-56959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-court-judiciary-legal-system","tag-000-crores","tag-damages-suit","tag-high-court-notice","tag-over-10","tag-to-p-chidambaram"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>High Court Notice To P Chidambaram Over 10,000 Crores Damages Suit - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Bombay High Court has issued notices to former finance minister P Chidambaram &amp; two serving bureaucrats in connection with a suit demanding Rs. - Get the latest legal news from the Supreme Court, High Courts, and government. 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