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NSEL settles Rs 330 crore of Rs 5,500 crore dues in 33 weeks

Last Updated: Tuesday, April 08, 2014, 17:55

Embattled spot commodity bourse NSEL has settled Rs 330 crore, or 6 percent of the amount due to investors since it suspended operations, missing its own deadline to clear payments.

Jignesh Shah quits Indian Energy Exchange board

Last Updated: Thursday, April 03, 2014, 21:20

Jignesh Shah has quit from the board of Indian Energy Exchange (IEX) amid his group grappling with multiple woes in the wake of Rs 5,600 crore payment crisis at the National Spot Exchange Ltd.

Sixth arrest made in NSEL scam

Last Updated: Thursday, March 06, 2014, 21:45

The Managing Director of a top defaulting company linked to the Rs 5,600-crore payment crisis at the now defunct National Spot Exchange Ltd (NSEL) has been arrested, taking the number of those held in the scam to six.

MCX Board meet on Feb 7 to take call on FTIL's stake cut

Last Updated: Wednesday, February 05, 2014, 19:50

The NSEL, which is promoted by FTIL, has been defaulting on payments to 13,000 investors.

IBMA reconstitutes board; appoints 4 new directors

Last Updated: Saturday, January 18, 2014, 00:13

The new appointments include three independent directors and one non-executive director.

NSEL appoints five new independent directors

Last Updated: Thursday, January 16, 2014, 00:37

The troubled National Spot Exchange Ltd (NSEL) has appointed five new independent directors and a non-executive director to its board.

NSEL Director Shah quizzed again; focus now on broking firms

Last Updated: Wednesday, January 08, 2014, 23:09

Jignesh Shah, promoter of scam-hit National Spot Exchange Ltd (NSEL), was Wednesday grilled by police for several hours even as the ongoing probe showed some broking firms and their directors had linked up with the bourse and indulged in unfair practice for monetary gains.

Manoj Vaish new CEO of MCX; bourse to trim stake by Jan 18

Last Updated: Thursday, January 02, 2014, 23:34

The regulator FMC had late last month said the promoter Jignesh Shah and the promoter group Financial Technologies were not "fit and proper" to run not only the crippled NSEL but also MCX and any other exchange in the country.

FMC gives more time for auditing NSEL's e-series contracts

Last Updated: Monday, December 30, 2013, 15:46

Chokshi and Chokshi, which was given December-end deadline to complete the audit of e-series contracts at NSEL, had sought extension to finish the work.

MCX board asks promoter FTIL to cut stake as per FMC order

Last Updated: Thursday, December 26, 2013, 20:53

The regulator also charged Shah with being the "highest beneficiary of the fraud perpetrated" at NSEL.

MCX-SX amends regulations governing its board

Last Updated: Thursday, December 19, 2013, 23:06

Besides, the new rules do not allow any Foreign Institutional Investor (FII) to have any representation in the governing board of the bourse.

NSEL scam: Mumbai Police to file charge sheet by month-end

Last Updated: Friday, December 06, 2013, 16:16

The Mumbai Police is expected to file a comprehensive charge sheet in the Rs 5,600-crore National Spot Exchange Ltd (NSEL) scam by this month end.