The Maharashtra government on Friday formally attached a bungalow (pictured) belonging to Jignesh Shah, promoter of Financial Technologies (India), or FTIL, in the Rs 5,600-crore National Spot Exchange (NSEL) scam. FTIL is a promoter of NSEL.
The Bombay High Court have on Tuesday dismissed a ‘notice of motion’ moved by Financial Technologies (India) Ltd, or FTIL, seeking an injunction on a proposed move by the ministry of corporate affairs (MCA) to supersede the FTIL board and
The high court here on Wednesday adjourned hearing till March 11 of the petition filed by Financial Technologies (FTIL) to stop the removal of its board of directors. The stay on this will continue till then.
Financial Technologies (India) is seeking legal advice on the order of the city police’s economic offences wing which restrains its use of asset sale proceeds for any purpose other than legal expenses and salaries of employees.
Financial technologies has indicated that it is exiting it mobile transaction and payment gateway company ATOM Technologies by selling 95% stake in it. ATOM is a subsidiary of FTIL forms 7-8 years back.
The Appellate Tribunal for Electricity, Delhi, has confirmed an order of the Central Electricity Regulatory Commission (CERC) that Financial Technologies (FTIL), promoter of Indian Energy Exchange, was not 'fit and proper' to hold shares in the latter.
The Bombay High Court on Wednesday vacated its order dated November 27, 2014 asking the central government to maintain status quo on the proposed merger of the defunct National Spot Exchange Ltd (NSEL) with its parent Financial Technologies India Ltd
Continental Africa Holdings (CAHL), which apparently agreed to buy Financial Technologies India’s (FTIL’s) Mauritius-based Bourse Africa (BAL) exchange for $40 million (Rs 250 crore), does not seem to have the resources to pay, according to
The Bombay High Court today extended till February 4 the stay on merger of crisis-hit National Spot Exchange Lmited (NSEL) with parent Financial Technologies (FTIL) and has asked the Ministry of Corporate Affairs (MCA) to respond by January 23.The court
The Bombay High Court on Monday ordered a status quo in a case involving the draft order from the Union ministry of corporate affairs for a merger of scam-hit National Spot Exchange (NSEL) with parent entity Financial Technologies (FTIL).
At a board meeting held on Tuesday, the MCX-SX board has approved the issuance of equity shares, earlier held by Financial Technologies (FTIL) as warrants, to 12 investors, including to investor Rakesh Jhunjhunwala.