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Aug 3, 2023 · The EOW has contended that in the last ten years they have filed 11 chargesheets in the case against 220 accused who are companies, its concerned directors, employees, individuals etc and those who have been left out were for the want of evidence. They further argued that merely being signatory or owning shares does not prove criminal charges, “ as there is no mens rea or common intention for conspiracy”.
Mar 21, 2022 · NSEL scam in Mumbai: 95% of small investors get money back. The city police, probing the Rs 5,400-crore National Spot Exchange Limited (NSEL) cheating case, have till date auctioned over a dozen ...
Dec 7, 2022 · Notably, NSEL has single-handedly secured decrees/arbitration awards worth Rs3,534.46 crore against NSEL defaulters. Further, an amount of Rs760.31 crore worth of defaulters' liabilities has already been crystallised by the high-powered committee appointed by the Bombay High Court, which, NSEL is confident, will soon culminate into a decree.
Mar 22, 2024 · TNN / Mar 23, 2024, 04:21 IST. AA. Follow us. Mumbai: A special Maharashtra Protection of Interest of Depositors Act (MPID) court has allowed the NSEL Investor Action Group (NIAG)’s intervention ...
Jun 14, 2022 · The appeals of the brokers are allowed,” said SAT in a 44-page order dated June 9. Agencies. In the case, Sebi had primarily relied upon inputs received from various regulatory agencies along with investor complaints to arrive at the conclusion that the five brokerages were close to NSEL. SAT, however, did not agree with this inference.
Oct 16, 2022 · NSEL has solely extended support to investigative agencies and gone after defaulters, obtained decrees and awards worth Rs 4,300 crore. Against the unverified claims of Rs 4,800 crore, NSEL has actively worked and supported in getting over Rs 6,000 crore worth of defaulters' assets already attached by the EOW and ED, which is sufficient to cover genuine claims of the balance traders.
Apr 23, 2022 · In August 2013, Forward Markets Commission (FMC) directed a forensic audit of NSEL by Grant Thornton LLP. The Centre also ordered an inspection of accounts of NSEL and 63 Moons under Section 209A ...
