NSEL
![Jignesh Shah’s 63 Moons has siphoned of crores from Court attached properties in Rs 5,600 crore NSEL scam: Competent Authority Affidavit [Read Affidavit]](/secure/uploads/2024/09/lj_4428_NSEL_Scam_Jignesh_Shah.webp)
63 Moons, led by Jignesh Shah, allegedly siphoned crores from attached assets in the Rs 5,600 crore NSEL scam, breaching Supreme Court orders, says affidavit.
Read Full Article![Investor Vishvanidhi Dalmia accused of collusion in NSEL Scam, Maharashtra Govt Affidavit reveals [Read Affidavit]](/secure/uploads/2024/07/lj_5854_dalmia2.webp)
Judiciary
Investor Vishvanidhi Dalmia accused of collusion in NSEL Scam, Maharashtra Govt Affidavit reveals [Read Affidavit]
Investor Vishvanidhi Dalmia accused of colluding with NSEL's prime accused Jignesh Shah, as revealed in Maharashtra Government's affidavit filed in Bombay High Court.
Judiciary
The Supreme Court Hears Submissions By NSEL Challenging The Bombay High Court Order
EconomicOffencesWingofMumbaiPolicewhowas subsequently investigating the matter, had filed 3 charge sheets but not a single rupee has been traced by money trail to the petitioner as a promoter not the petitioner was named as an accused. The High Court relied on the Carona Limited v. M/s. Parvathy Swaminathan and Sons had concluded that the NSEL is not a Financial Establishment and therefore, the petitioner who is a promoter of the said establishment cannot be proceeded under the provisions of MPID Act. Hence, we are constrained to quash and set aside the action to which the petitioner is subjected to by taking recourse to the provisions of MPID Act.
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