Review Meeting held under Secretary, DEA to monitor the action taken by various investigating and enforcement agencies for violations of law, criminal offences and default in payments to investors on the platform of National Spot Exchange Limited (NSEL);Key decisions taken including efforts to set-up an independent Court to hear NSEL related cases on exclusive basis among others https://www.taxtmi.com/news?id=16411 Designated judicial allocation and expedited criminal and recovery processes were prioritised to address investor losses arising from the NSEL payment crisis, including nomination of judges and efforts to establish an independent exclusive court; ED filed a PMLA prosecution and investigators were directed to accelerate procedures for conviction and recovery. State measures under the MPID Act were emphasised to expedite asset realisation and refunds, with Maharashtra directed to strengthen EOW, augment designated courts, deploy competent authorities, and pursue auction and refund of attached assets. en-us Mon, 25 Jul 2016 13:21:21 +0530 Mon, 25 Jul 2016 13:21:21 +0530 TaxTMI RSS Generator Review Meeting held under Secretary, DEA to monitor the action taken by various investigating and enforcement agencies for violations of law, criminal offences and default in payments to investors on the platform of National Spot Exchange Limited (NSEL);Key decisions taken including efforts to set-up an independent Court to hear NSEL related cases on exclusive basis among others https://www.taxtmi.com/news?id=16411 Designated judicial allocation and expedited criminal and recovery processes were prioritised to address investor losses arising from the NSEL payment crisis, including nomination of judges and efforts to establish an independent exclusive court; ED filed a PMLA prosecution and investigators were directed to accelerate procedures for conviction and recovery. State measures under the MPID Act were emphasised to expedite asset realisation and refunds, with Maharashtra directed to strengthen EOW, augment designated courts, deploy competent authorities, and pursue auction and refund of attached assets. News - Mon, 25 Jul 2016 13:21:21 +0530 https://www.taxtmi.com/news?id=16411