 "SC scraps special leave petitions, frees receivables on assets of 63 moons")
Supreme Court has dismissed the Special Leave Petitions (SLP) of NSEL Investor Action Group (NIAG) and Government of Maharashtra, declining to interfere with the Bombay HC order of releasing receivables on the assets of 63 moons (formerly known as FTIL) attached under the Maharashtra Protection of Interest of Depositors (MPID) Act in the Rs 5,600-crore NSEL scam.
The Bombay High Court had on 24 October 2018 ordered release of 63 Moons properties in the same case.
The interim order stayed the attachment of ODIN software, its receivables of the properties already attached which now allows the company to receive periodically
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