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  • curb manipulation in commodities market arun jaitley to sebi

    Curb manipulation in commodities market: Arun Jaitley to SEBI

    September 28, 2015 14:27 IST

    Mumbai :  With the commodity derivatives coming under Sebi's jurisdiction, Finance Minister Arun Jaitley today said the regulator must ensure that manipulative activities are curbed in this market and expressed confidence that NSEL-like problems would

  • sessions court hears jignesh shah s bail application

    Sessions court hears Jignesh Shah's bail application

    June 02, 2014 22:19 IST

    Mumbai: The sessions court here today heard the bail application of MCX promoter Jignesh Shah and his aide, arrested in Rs 5,600 crore NSEL payment scam case.After hearing his lawyers, the court adjourned the case

  • shah s arrest nsel investors forum hopes to get back money

    Shah's arrest: NSEL Investors Forum hopes to get back money

    May 07, 2014 23:42 IST

    New Delhi: NSEL Investors Forum Wednesday hoped that the arrest of FTIL chief Jignesh Shah will help in early recovery of funds in the Rs 5,600-crore payment scam at the spot exchange.NSEL Investors Forum represents

  • hc summons heads of fmc ed to decide on sale of nsel assets

    HC summons heads of FMC, ED to decide on sale of NSEL assets

    April 30, 2014 23:54 IST

    Mumbai: The Bombay High Court today asked the Chairman of Forward Markets Commission and Director of Enforcement Directorate to appear before it on May 7, so that it can take decision about the liquidation of

  • nsel invites bids to sell ferrochrome stock

    NSEL invites bids to sell ferrochrome stock

    April 27, 2014 21:49 IST

    New Delhi: Crisis-hit NSEL has invited bids to sell off 14,200 tonnes of Ferrochrome stock belonging to a defaulter Metkore Alloys and Industries in order to recover the balance amount of Rs 95.08 crore.Metkore Alloys,

  • nsel settles rs 330 crore of rs 5 500 crore dues in 33 weeks

    NSEL settles Rs 330 crore of Rs 5,500 crore dues in 33 weeks

    April 08, 2014 23:29 IST

    New Delhi: Embattled spot commodity bourse NSEL has settled Rs 330 crore, or 6 percent of the amount due to investors since it suspended operations, missing its own deadline to clear payments.The National Spot Exchange

  • nsel defaults for 28th time pays rs 50 lakh

    NSEL defaults for 28th time, pays Rs 50 lakh

    February 27, 2014 10:45 IST

    New Delhi: Embattled spot commodity bourse National Spot Exchange (NSEL) has paid Rs 50 lakh against scheduled payment amount of Rs 86.02 crore, defaulting for the 28th straight time.The bourse has settled Rs 322.6 crore

  • e series payments nsel says awaiting fmc court nod

    E-series payments: NSEL says awaiting FMC, court nod

    February 03, 2014 22:26 IST

    Mumbai: Crisis-ridden National Spot Exchange (NSEL) today said e-Series investors could realise their funds once approvals from Forward Markets Commission (FMC) and the courts are in place.It is expected that investors in e-Series units will

  • sebi adjourns hearing on ftil issue to feb 12

    Sebi adjourns hearing on FTIL issue to Feb 12

    January 13, 2014 23:37 IST

    Mumbai: The Securities and Exchange Board (Sebi) today adjourned to February 12 hearing on the eligibility of Financial Technologies (India) Ltd, whose group entity NSEL is at the centre of a scam, to run stock

  • nsel director shah quizzed again focus now on broking firms

    NSEL Director Shah quizzed again; focus now on broking firms

    January 08, 2014 23:21 IST

    Mumbai: Jignesh Shah, promoter of scam-hit National Spot Exchange Ltd (NSEL), was today grilled by police for several hours even as the ongoing probe showed some broking firms and their directors had linked up with

  • rs 5500 cr nsel scam bombay high court clubs all pils

    Rs 5500 cr NSEL scam: Bombay High Court clubs all PILs, hearing on Thursday

    January 08, 2014 18:43 IST

    Mumbai:  Jignesh Shah promoted-Financial Technologies India Ltd today urged the Bombay High Court to grant temporary protection from the order of Forward Market Commission (FMC) seeking reduction of its shareholding in Multi-Commodity Exchange from 26

  • mumbai police files chargesheet in rs 5 600 crore nsel scam

    Mumbai Police files chargesheet in Rs 5,600-crore NSEL scam

    January 06, 2014 23:19 IST

    Mumbai: The Mumbai Police today filed a 9,800-page chargesheet against five accused arrested in connection with the National Spot Exchange Ltd (NSEL) scam, which involves a payment default of Rs 5,600 crore.The voluminous charge sheet

  • hc refuses to appoint court commissioner on nsel plea

    HC refuses to appoint court commissioner on NSEL plea

    December 24, 2013 19:50 IST

    Mumbai: The Bombay High Court today refused to appoint a Court Commissioner on a plea made by scam-hit NSEL as Rs 80 crore was expected to come in from the borrowers in the next few

  • nsel to get rs 42.77 crore from p d agroprocessors

    NSEL to get Rs 42.77 crore from P D Agroprocessors

    December 11, 2013 20:44 IST

    Mumbai: The troubled National Spot Exchange Ltd (NSEL), facing a payment crisis of Rs 5,600 crore, said today one of its defaulters P D Agroprocessors has agreed to pay Rs 42.77 crore in eight instalments.The

  • nsel defaults for 17th time pays rs 9 crore against rs

    NSEL defaults for 17th time; pays Rs 9 crore against Rs 174.72 crore

    December 10, 2013 23:08 IST

    New Delhi: Crisis-ridden bourse NSEL today paid about Rs 9 crore against the scheduled payment amount of Rs 174.72 crore, defaulting for the 17th straight time. With today's pay-out, NSEL has so far settled about

  • i am committed to recovering money from defaulters shah

    I am committed to recovering money from defaulters: Shah

    December 05, 2013 20:54 IST

    Mumbai: Two days after Mumbai Police attached his properties, Jignesh Shah, director of the beleaguered National Spot Exchange Ltd, today told investigators that he was making “relentless” efforts to recover money from defaulters.“Shah showed up

  • mcx sx is well ring fenced from nsel crisis sebi

    MCX-SX is well ring-fenced from NSEL crisis: Sebi

    November 23, 2013 18:17 IST

    Mumbai: Sebi Chairman UK Sinha today allayed fears of crisis at the parent group of MCX-SX spilling over to the bourse saying that the troubled Financial Technologies- promoted stock exchange is ring-fenced from other group

  • nsel scam mumbai police attach 100 properties of defaulters

    NSEL scam: Mumbai police attach 100 properties of defaulters

    November 13, 2013 21:44 IST

    Mumbai: Mumbai Police, which is probing the Rs 5,600 crore payout scam involving the National Spot Exchange Ltd, has attached 100 of the 166 properties of the defaulters it has identified so far besides seven

  • nsel investors file complaint against ey auditor denies role

    NSEL investors file complaint against EY; auditor denies role

    October 28, 2013 23:02 IST

    Mumbai: The harried NSEL Investor Forum, the umbrella group of investors of the crippled spot commodity exchange, today said it has filed a complaint against EY India with the Economic Offences Wing (EOW) of the

  • hc tells fmc to appoint agency to audit nsel s e series

    HC tells FMC to appoint agency to audit NSEL's e-series deals

    October 28, 2013 21:59 IST

    Mumbai: The Bombay High Court in an interim order today asked the Forward Market Commission (FMC) to appoint an agency to conduct the forensic audit of e-series contracts in the scam-hit National Spot Exchange Ltd