A special court here has confirmed an Enforcement Directorate order to attach over Rs 566 crore assets in connection with its money laundering probe in the NSEL case.
The order effectively means that all fixed assets of FTIL stand frozen till September 2, which means they cannot be sold off, hived off and no third party rights can be created with respect to these assets.
On August 27, 2014 SBI Life Insurance Company Ltd bought 3,43,400 shares of Multi Commodity Exchange of India at Rs 830.
National Bulk Handling Corporation (NBHC) is looking to reinvent itself post its sale by Jignesh Shah's FTIL. The new management is working overtime to ensure that the NSEL scam taint doesn‘t impact the company in any fashion, reports Aastha Maheshwari.