![\"\"](\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?resize=280%2C170&ssl=1\")
<\/a>63 moons filed a Rs 10,000 crore damage suit against Chidambaram, Krishnan, Secretary, Ministry of Skill Development, and Ramesh Abhishek, then Chairman of Forward Market Commission (FMC), and now the outgoing Secretary, Department for Industrial Policy and Promotion (DPIIT), stating that the company has been facing continuous targeted and mala fide actions in the wake of an engineered payment default crisis at one of its subsidiaries, the National Spot Exchange Ltd (NSEL).
\nAccording to the lawsuits, there is no money trail traced to NSEL, 63 moons and its founder Jignesh Shah by multiple investigative agencies. However, the group has been singularly targeted as part of a conspiracy by Chidambaram, Krishnan and Abhishek who wanted to protect the National Stock Exchange (NSE) in which they had vested interests. These malicious actions perpetrated against 63 moons caused a damage of Rs 10,000 crore to its shareholders.
\nDuring his presentation to the media on the NSEL saga in February this year, 63 moons mentor Jignesh Shah had said Abhishek, as FMC Chairman, played a proactive role in perpetrating the NSEL crisis, destroying the exchange eco-system created by 63 moons to favour NSE, resulting in a huge damage to the shareholders of 63 moons, loss of employment and incomes in the economy.<\/p>\nAs a result, 63 moons had filed the damage suits of Rs 10,000 crore against Chidambaram, Krishnan and Abhishek, in their individual capacities for taking mala fide actions against it by abusing their powers. Notably, the company has also filed criminal complaints against these three individuals with the CBI along with supporting material.
\nThe legal filings noted that the sequence of events and the evidence that surfaced so far also showed that the then Finance Minister Chidambaram and Krishnan played a dubious role in destroying the ecosystem created by 63 moons technologies to favour the competitor NSE.<\/p>\n
“A case in point is the note of K. P. Krishnan approved by P. Chidambaram forcing other co-promoters of NCDEX to sell their stake to make NSE a lead promoter clearly revealing their mala fide interference in the competition within the exchange industry. This hounding of 63 moons technologies group has not only caused serious loss to its investors but has done irreversible damage to the entire exchange eco-system, the existing jobs and creation of new jobs,” it added.
\nIn his media briefing early this year, 63 moons Chairman Venkat Chary had pointed out that the FMC was aware of the role of certain big brokers and HNI traders. However, it acted in a partisan manner only against the NSEL and its parent, 63 moons.
\nFor example, the FMC was mandated under the law to communicate information relating to illegal forward trading to police authorities. However, no such information was forwarded by the FMC against the brokers and the traders. Thus, there was a clear dereliction of duty and misuse of official position on the part of the then FMC chairman, Abhishek, in selectively targeting the parent company of NSEL, despite no money trail to them.<\/p>\n
Jignesh Shah has said it was not a crisis but a conspiracy to decimate the FTIL Group. The Rs 5,600 crore payment crisis at NSEL came into light in July 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bombay High Court has summoned former Union Finance Minister P. Chidambaram and top serving bureaucrats, K.P. Krishnan and Ramesh Abhishek, in connection with Rs 10,000 crore damage suits filed by 63 moons technologies, formerly known as Financial Technologies Ltd (FTIL), and their role in engineering the NSEL payment default crisis. The Bombay High Court […]<\/p>\n","protected":false},"author":1,"featured_media":56963,"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":[33011,45196,47741,45197,43099],"class_list":["post-56962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-court-judiciary-legal-system","tag-000-crore","tag-2-ias-officers-in-rs-10","tag-bombay-high-court","tag-damage-suit-by-63-moons","tag-p-chidambaram-2"],"yoast_head":"\n
Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons - Legal News India - Supreme Court & High Court Updates<\/title>\n<meta name=\"description\" content=\"The Bombay High Court has summoned former Union Finance Minister P. Chidambaram and top serving bureaucrats, K.P. Krishnan and Ramesh Abhishek, in - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons - Legal News India - Supreme Court & High Court Updates\" \/>\n<meta property=\"og:description\" content=\"The Bombay High Court has summoned former Union Finance Minister P. Chidambaram and top serving bureaucrats, K.P. Krishnan and Ramesh Abhishek, in - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court & High Court Updates\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-01T12:54:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"280\" \/>\n\t<meta property=\"og:image:height\" content=\"170\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons\",\"datePublished\":\"2019-08-01T12:54:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons\"},\"wordCount\":648,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1\",\"keywords\":[\"000 crore\",\"2 IAS officers in Rs 10\",\"Bombay High Court\",\"damage suit by 63 moons\",\"P Chidambaram\"],\"articleSection\":[\"Court, Judiciary & Legal System\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons\",\"url\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons\",\"name\":\"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons - Legal News India - Supreme Court & High Court Updates\",\"isPartOf\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1\",\"datePublished\":\"2019-08-01T12:54:27+00:00\",\"description\":\"The Bombay High Court has summoned former Union Finance Minister P. Chidambaram and top serving bureaucrats, K.P. Krishnan and Ramesh Abhishek, in - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1\",\"width\":280,\"height\":170},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.legalindia.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Court, Judiciary & Legal System\",\"item\":\"https:\/\/www.legalindia.com\/news\/category\/court-judiciary-legal-system\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.legalindia.com\/news\/#website\",\"url\":\"https:\/\/www.legalindia.com\/news\/\",\"name\":\"Legal News India - Supreme Court & High Court Updates\",\"description\":\"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"publisher\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/#organization\"},\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.legalindia.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.legalindia.com\/news\/#organization\",\"name\":\"Legal News India: Supreme Court, High Courts & Govt Updates\",\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"url\":\"https:\/\/www.legalindia.com\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"Legal News India: Supreme Court, High Courts & Govt Updates\"},\"image\":{\"@id\":\"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/LegalindiaCom\/\",\"https:\/\/x.com\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\/\/www.legalindia.com\",\"https:\/\/x.com\/legaliadmin\"],\"url\":\"https:\/\/www.legalindia.com\/news\/author\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons - Legal News India - Supreme Court & High Court Updates","description":"The Bombay High Court has summoned former Union Finance Minister P. Chidambaram and top serving bureaucrats, K.P. Krishnan and Ramesh Abhishek, in - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons","og_locale":"en_US","og_type":"article","og_title":"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons - Legal News India - Supreme Court & High Court Updates","og_description":"The Bombay High Court has summoned former Union Finance Minister P. Chidambaram and top serving bureaucrats, K.P. Krishnan and Ramesh Abhishek, in - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","og_url":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons","og_site_name":"Legal News India - Supreme Court & High Court Updates","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2019-08-01T12:54:27+00:00","og_image":[{"width":280,"height":170,"url":"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg","type":"image\/jpeg"}],"author":"Legal India Admin","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons","datePublished":"2019-08-01T12:54:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons"},"wordCount":648,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1","keywords":["000 crore","2 IAS officers in Rs 10","Bombay High Court","damage suit by 63 moons","P Chidambaram"],"articleSection":["Court, Judiciary & Legal System"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons","url":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons","name":"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons - Legal News India - Supreme Court & High Court Updates","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#primaryimage"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1","datePublished":"2019-08-01T12:54:27+00:00","description":"The Bombay High Court has summoned former Union Finance Minister P. Chidambaram and top serving bureaucrats, K.P. Krishnan and Ramesh Abhishek, in - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#primaryimage","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1","width":280,"height":170},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/news\/bombay-high-court-summons-p-chidambaram-2-ias-officers-in-rs-10000-crore-damage-suit-by-63-moons#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/news\/"},{"@type":"ListItem","position":2,"name":"Court, Judiciary & Legal System","item":"https:\/\/www.legalindia.com\/news\/category\/court-judiciary-legal-system"},{"@type":"ListItem","position":3,"name":"Bombay High Court summons P Chidambaram, 2 IAS officers in Rs 10,000 crore damage suit by 63 moons"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/news\/#website","url":"https:\/\/www.legalindia.com\/news\/","name":"Legal News India - Supreme Court & High Court Updates","description":"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"alternateName":"Legal News India for Advocates, Lawyers & Law Students","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/news\/#organization","name":"Legal News India: Supreme Court, High Courts & Govt Updates","alternateName":"Legal News India for Advocates, Lawyers & Law Students","url":"https:\/\/www.legalindia.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"Legal News India: Supreme Court, High Courts & Govt Updates"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/news\/author\/legal-india-admin"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?fit=280%2C170&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":58315,"url":"https:\/\/www.legalindia.com\/news\/bombay-high-court-directs-congress-leader-p-chidambaram-and-others-to-file-statement-in-10000-cr-damage-suit-by-63-moons-technologies","url_meta":{"origin":56962,"position":0},"title":"Bombay HC directs P Chidambaram and others to file statement in 10,000 cr damage suit by 63 Moons Technologies.","author":"Legal India Admin","date":"December 16, 2019","format":false,"excerpt":"The Bombay high court on Friday asked Congress leader P Chidambaram, former forward market commission (FMC) chairman Ramesh Abhishek and serving bureaucrat KP Krishnan to file\u00a0their statements in the the Rs 10,000 crore damage suit by 63 Moons Technologies within four weeks. The bench said that if the trio fail\u2026","rel":"","context":"In "High Profile Cases"","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":56959,"url":"https:\/\/www.legalindia.com\/news\/high-court-notice-to-p-chidambaram-over-10000-crores-damages-suit","url_meta":{"origin":56962,"position":1},"title":"High Court Notice To P Chidambaram Over 10,000 Crores Damages Suit","author":"Legal India Admin","date":"July 31, 2019","format":false,"excerpt":"The Bombay High Court has issued notices to former finance minister P Chidambaram & 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\u2026","rel":"","context":"In "Court, Judiciary & Legal System"","block_context":{"text":"Court, Judiciary & Legal System","link":"https:\/\/www.legalindia.com\/news\/category\/court-judiciary-legal-system"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-19.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":54537,"url":"https:\/\/www.legalindia.com\/news\/hc-relief-to-63-moons-eow-attachment","url_meta":{"origin":56962,"position":2},"title":"HC relief to 63 moons: EOW attachment","author":"Legal India Admin","date":"October 26, 2018","format":false,"excerpt":"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\u2019s properties and bank accounts.The Court also stayed the attachment\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57258,"url":"https:\/\/www.legalindia.com\/news\/63-moons-wins-mpid-case-in-bombay-hccourt-rules-nsel-is-not-financial-establishment","url_meta":{"origin":56962,"position":3},"title":"63 moons wins MPID case in Bombay HC;Court rules NSEL is not financial establishment","author":"Legal India Admin","date":"August 22, 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In "Bar, Bench & Firm News"","block_context":{"text":"Bar, Bench & Firm News","link":"https:\/\/www.legalindia.com\/news\/category\/bar-bench-firm-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-2019-08-22T195831.490.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":51839,"url":"https:\/\/www.legalindia.com\/news\/hc-refuses-stay-sessions-court-order-quashing-summons-tata-group-chairman-cyrus-mistry","url_meta":{"origin":56962,"position":4},"title":"HC refuses to stay sessions court order quashing summons to Tata Group chairman Cyrus Mistry","author":"Legal India Admin","date":"March 8, 2018","format":false,"excerpt":"In some reprieve for ousted Tata Group chairman Cyrus Mistry, the Bombay High Court today refused to stay a sessions court order quashing a summons issued to him in a Rs 500-crore defamation suit. Justice N W Sambre admitted for further hearing a petition filed by Tata Group's managing trustee\u2026","rel":"","context":"In "High Profile Cases"","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\/2018\/03\/Cyrus-Mistry.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"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":56962,"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 "Corporate Law News"","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-eOK","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/56962","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=56962"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/56962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/56963"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=56962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=56962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=56962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-25.jpg?ssl=1\")
<\/a>63 moons filed a Rs 10,000 crore damage suit against Chidambaram, Krishnan, Secretary, Ministry of Skill Development, and Ramesh Abhishek, then Chairman of Forward Market Commission (FMC), and now the outgoing Secretary, Department for Industrial Policy and Promotion (DPIIT), stating that the company has been facing continuous targeted and mala fide actions in the wake of an engineered payment default crisis at one of its subsidiaries, the National Spot Exchange Ltd (NSEL).