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National Spot Exchange Limited (NSEL) case relates to a payment default at the National Spot Exchange Limited that occurred in 2013 involving Financial Technologies India Ltd, when a payment default took place after a commodities market regulator, the Forward Markets Commission (FMC), directed NSEL to stop launching contracts.
Jan 18, 2021 · The NSEL scam shocked every segment of investors in the market when it was unearthed in 2013. Even today, the aftershocks can be felt. Sinha, the former managing director of NSEL, was arrested by...
Apr 23, 2022 · NEW DELHI: In a significant order in Rs 6,000 crore scam in National Spot Exchange Scam involving Jignesh Shah, the Supreme Court on Friday ruled that the Maharashtra government had validly attached assets of 63 Moons, which held more than 99% share in NSEL.
Dec 2, 2022 · On November 29, the Securities and Exchange Board of India (Sebi) banned five commodity brokers from obtaining fresh registrations as commodity brokers for their alleged involvement in the National Spot Exchange Ltd (NSEL) scam.
- Hitesh Vyas
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Aug 3, 2023 · The Mumbai police recently filed an affidavit before the Bombay High Court (HC) contesting the trial court decision to make certain directors and promoters of three brokerage entities as accused in the Rs 5,600 crore National Spot Exchange Scam (NSEL).
May 22, 2023 · A special court in Mumbai has issued process against directors and promoters of India Infoline Commodities Ltd (IICL), Anand Rathi Commodities Ltd (ARCL), and Geojit Comtrade Ltd (GCL) in the 2013...
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Dec 27, 2023 · ETMarkets.com. Capital markets regulator Sebi on Wednesday cancelled the registration of brokerage house Nirmal Bang Commodities for facilitating its clients to trade in illegal 'paired contracts' on the now defunct National Spot Exchange Ltd. Sebi said 'paired contracts' on NSEL were not spot contracts in commodities.
