 "bombay high court")
The Bombay High Court (HC) has struck down the Maharashtra government’s order for attaching properties worth Rs 2,500 crore of 63 Moons Technologies (formerly Financial Technologies India or FTIL) in the Rs 5,600-crore payment default of 2013 at its then subsidiary, National Spot Exchange (NSEL).
The verdict, issued on Thursday, is a major relief for 63 Moons. On behalf of the state, the attachment was made by the city police's economic offences wing (EOW), which probed the case. EOW sources say it plans to challenge the HC order.
The Bench of judges Ranjit More and Bharati Dangre observed: “NSEL is not a
