National Spot Exchange

NSEL scam: Police attach 100 properties of defaulters

EOW has invoked the Maharashtra Protection of Interest of Depositors Act in the case, which empowers them to attach immovable assets of the accused.

MCX founder Jignesh Shah resigns from board

MCX is 26 percent owned by Financial Technologies, of which Jignesh Shah is founder, chairman and CEO.

NSEL: Police say board was aware of scam, EOW to attach investors' assets

Although investigations are still in the initial phase, according to CNBC-TV18 sources there was clear indication of mismanagement at the board level.

NSEL crisis: EOW gathers 'crucial evidence' in probe, raids on

The police teams, which began raiding as many as 193 locations on Monday, including housing premises of NSEL top brass, brokers and defaulters, have completed their processes at 187 places, a senior EOW official told PTI today.

10 things you should know before the opening bell

FMC asks NSEL to liquidate all assets of defaulters

The regulator also asked NSEL to auction defaulters' commodities lying in the accredited warehouses as collateral.

FMC pulls up NSEL on 'wrong info', all eyes on payout today

The forum will plan for a proper strategy to ensure full payment of the legitimate dues of its members

NSEL crisis: Investors to wait till Tuesday before deciding legal action

With the payment crisis engulfing NSEL, the PMO is planning to set up a special team headed by the Economic Affairs Secretary Arvind Mayaram to look into the issue.

Milind Deora to PM: Help recover investors' money in spot exchange crisis

NSEL panel to plan payment as concerns over physical stock rise

The exchange has 509,851 tonnes of paddy lying in 10 warehouses and the average price it quotes as of the day it suspended trading was Rs 28,120 per tonne. However, as per the market data available with www.agmarket.nic.in, the price of the produce in the spot market is only Rs 9800-Rs 17,000 per tonne.<br /><br />