The matter of NSEL and FTIL keeps taking intriguing turns and undergoes a new phase with each passing day. It has the hopes of a number of people who have been deceived by the brokers of NSEL at stake. Well, looking at the FTIL and NSEL’s merger case, calling it an utter chaos is appropriate […]
Law Ministry Rejects MCA’s proposal to control FTIL
A proposal from the Ministry of Corporate Affairs (MCA)to summon legitimate procurements to take control of Financial Technologies India Ltd (FTIL) for ‘Deliberate bungling’ in National Spot Exchange Ltd (NSEL), has been rejected by the Ministry of Law and Justice. NSEL is an auxiliary unit of FTIL, which is under the investigation for Rs 5,500 crore […]