You are here: Home » Markets » News
Business Standard

High court grants NSEL intervention

Case seeks expeditious probe in the Rs 5600 crore payment crisis at NSEL

BS Reporter  |  Mumbai 

The defunct spot commodity trading platform National Spot Exchange (NSEL) sought its intervention in a case related to expedition of a probe into the NSEL scam, the Bombay High Court heard on Monday.

Filed by the NSEL Investors’ Action Group (NIAG), the case seeks an expeditious probe in the ~5,600-crore payment crisis by the three government agencies, the Central Bureau of Investigation, Enforcement Directorate and the Economic Offences Wing of the Mumbai Police.

The court granted the NSEL intervention and the matter is scheduled for hearing after two weeks. Sources said NIAG has written dozens of letters to all the three probing agencies seeking speedy investigation in the case.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 22 2015. 22:03 IST
RECOMMENDED FOR YOU
.