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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.

NSEL to rematerialise e-series contracts from Apr 12 onwards

Last Updated: Friday, April 04, 2014, 20:17

Crisis-hit NSEL on Friday said it will commence rematerialisation of its e-series gold contracts from April 12 onwards, a move that would benefit 33,000 investors.

FMC allows financial closure of NSEL's e-series contracts

Last Updated: Thursday, March 27, 2014, 20:18

Commodity market regulator FMC on Thursday allowed scam-hit National Spot Exchange Ltd (NSEL) to convert e-series gold contracts into physical form -- a move that would benefit 33,000 investors.

NSEL crisis: Mayaram panel review actions; seek CBI presence

Last Updated: Monday, March 24, 2014, 21:38

To prepare a more holistic action plan on the Rs 5,600-crore NSEL payment crisis, the high level Mayaram panel Monday sought representation of CBI in the committee.

CBI questions Jignesh Shah

Last Updated: Friday, March 14, 2014, 22:55

CBI on Friday resumed questioning of NSEL promoter Jignesh Shah in connection with a case registered against him for allegedly cheating and causing a loss of over Rs 120 crore to public sector undertaking PEC.

FTIL, MCX shares plunge on stock exchange probe

Last Updated: Friday, March 14, 2014, 12:08

Shares of Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) and MCX on Friday fell sharply amid a probe initiated by CBI into grant of license to MCX Stock Exchange over five years ago.

MCX, FTIL stocks fall as much as 4.6%

Last Updated: Thursday, March 13, 2014, 13:35

The stock of FTIL group entity MCX tanked 4.61 percent to close the day at Rs 515.70 after earlier falling 5 percent to Rs 513.35 during the day on the BSE.

CBI registers case against NSEL, questions Jignesh Shah

Last Updated: Thursday, March 13, 2014, 13:21

CBI on Thursday carried out search at multiple locations, including the presmises of NSEL promoter Jignesh Shah, after registering a case of alleged cheating against him and others in the investments of state-run PEC causing a loss of Rs 120 crore to the exchquer.

Enforcement Directorate arrests CEO in NSEL case

Last Updated: Saturday, March 08, 2014, 14:06

Official sources said Gagan Suri, CEO of Yathuri Associates, was arrested by ED sleuths in Mumbai after they found that his role in the scam needs to be probed.

NSEL case: ED attaches assets worth Rs 50 cr of agro firm

Last Updated: Friday, March 07, 2014, 17:05

The Enforcement Directorate (ED) has attached properties worth Rs 50 crore of a defaulting firm in connection with its money laundering probe in the National Spot Exchange Limited (NSEL) scam case.

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.

MCA finds lapses by NSEL promoters; SEBI probes MCX, FTIL

Last Updated: Monday, February 24, 2014, 22:54

The Ministry of Corporate Affairs is believed to have found serious violations of companies law by the owners of crisis-ridden NSEL, while market regulator SEBI is also investigating corporate governance-related lapses by the group's two listed entities -- FTIL and MCX.