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The inspirational journey of fintech entrepreneur Jignesh Shah

Itu2019s time for fintech czar Jignesh Shah to win the race again. The age-old adage of Truth Prevails is finally coming true with the Bombay High Court order which quashed attachment of assets of Jignesh Shahu2019s flagship company 63 moons technologies in the National Spot Exchange Limited (NSEL) case.<br>

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The inspirational journey of fintech entrepreneur Jignesh Shah

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  1. THE INSPIRATIONAL JOURNEY OF FINTECH ENTREPRENEUR JIGNESH SHAH

  2. It’s time for fintech czar Jignesh Shah to win the race again. The age-old adage of Truth Prevails is finally coming true with the Bombay High Court order which quashed attachment of assets of Jignesh Shah’s flagship company 63 moons technologies in the National Spot Exchange Limited (NSEL) case. The HC ruled that NSEL is not a financial establishment and hence notifications for attachment of the company’s assets, including bank accounts and properties under the MPID (Maharashtra Protection of Interests of Depositors in Financial Establishments) Act stand quashed.

  3. While the assets of NSEL and its promoters were hastily attached under the provisions of MPID, the same brokers cried foul when it was time to taste their own medicine. The NSEL, in December 2018, had filed a writ petition before the Bombay High Court, questioning the Maharashtra Government for its inaction against the brokers and trading members in attaching their assets. The court had issued a notice to the state government asking it to seize the assets of the accused brokers.

  4. The seeds of malice against the exchange, its parent company, and Jignesh Shah have been sown so deep that the then commodities market regulator FMC and the investigating agencies have refused to look at the other side for long. There has been one-sided war and persecution, in which 63 moons has been conveniently made a scapegoat; all concentrated actions have been directed against it & Jignesh Shah, turning them victims of vendetta. Sales

  5. THANK YOU

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