Business Standard

63moons management optimistic firm will overcome all legal battle over NSEL

Company gearing up for the future with products for 11-12 verticals

Carte blanche to notify law requires reform

T E Narasimhan Chennai
63moons Technologies, formerly known as Financial Technologies India Ltd (FTIL), is optimistic that it will come out from all the legal hurdles that it is facing currently. Further, the company is also creating products in at least 11-12 verticals for its future prospects.    

63moons is fighting various legal battles in a matter related to an alleged payment scam to the tune of around Rs 56 billion by its subsidiary, National Spot Exchange Ltd (NSEL).   

Another development, according to company sources, is that the Bombay High Court-appointed committee has received claims worth Rs 6.50 billion, while the assets of the

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First Published: Sep 28 2018 | 6:31 PM IST

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