Feb 11, 2016 at 21:16 | Source: PTI
The government also said that the CBI is enquiring into the conduct of government officials, including those from two public sector undertakings, to ascertain whether they were involved in abetting the payment crisis at the National Spot Exchange Ltd (NSEL)
Oct 15, 2015 at 20:52 | Source: PTI
In the wake of the payment crisis, the Corporate Affairs Ministry last year ordered the merger of NSEL with its parent firm FTIL but that has been challenged by the exchange and the matter is now before the Bombay High Court.
Sep 16, 2014 at 17:33 | Source: PTI
To ensure that FTIL takes responsibility to resolve the payment crisis at NSEL at the earliest, FMC has also suggested the government to consider taking over the management of FTIL.
Sep 16, 2014 at 16:55 | Source: PTI
To ensure that FTIL takes responsibility to resolve the payment crisis at National Spot Exchange Ltd (NSEL) at the earliest, Forward Markets Commission (FMC) has also suggested the government to consider taking over the management of FTIL.
Jul 21, 2014 at 13:23 | Source: CNBC-TV18
Samir Shah, MD and CEO of NCDEX says MCX trading volume has reduced post the NSEL crisis. Currently, MCX has a market share of 80 percent and NCDEX 15 percent.
Jul 09, 2014 at 09:59 | Source: Moneycontrol.com
With this stake sale, FTIL's holding in MCX will come down to 24 percent . In December, commodity markets regulator FMC had declared FTIL as unfit to run any exchange after a Rs 5,600 crore payment crisis at group company National Spot Exchange Ltd (NSEL).The regulator asked FTIL to reduce its stake in MCX to 2 percent from 26 percent.
Jun 10, 2014 at 16:52 | Source: PTI
National Spot Exchange Ltd (NSEL), a subsidiary of Jignesh Shah-led Financial Technologies India Ltd, is grappling with a payment crisis for settling dues worth Rs 5,500-crore after it suspended trading activities in July last year following a government directive.
Jun 05, 2014 at 17:44 | Source: CNBC-TV18
The former MD & CEO of NSEL Anjani Sinha was granted bail on May 9 after he spent around 7 months in custody in the NSEL payment crisis.
Jun 04, 2014 at 18:43 | Source: PTI
Similar notice had been issued to NSEL by Consumer Affairs Ministry in 2012. The Ministry, which regulated spot exchanges until the NSEL crisis broke last year, had exempted the exchange under section 27 of the Forward Contracts (Regulation) Act and allowed it to offer 1-day forward contracts provided members do not resort to short sales.
May 07, 2014 at 22:10 | Source: PTI
Shah came under scanner last year, when his group company NSEL faced a payment crisis and nearly 18,000 investors allegedly lost millions in late July.