https://www.taxtmi.com/caselaws?id=196276 The court upheld the Forward Markets Commission's order disqualifying Financial Technologies (India) Limited (FTIL), Jignesh Shah, and Shreekant Javalgekar from holding significant positions in the Multi Commodity Exchange of India Limited (MCX). The court rejected the petitioners' request for interim relief, emphasizing the seriousness of the fraud related to the National Stock Exchange Limited (NSEL) and the detailed findings of the FMC. The court found no breach of natural justice principles and concluded that the petitioners did not meet the "fit and proper person" criteria due to their involvement in the NSEL fraud. en-us Fri, 28 Feb 2014 00:00:00 +0530 Fri, 24 Nov 2017 06:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196276 The court upheld the Forward Markets Commission's order disqualifying Financial Technologies (India) Limited (FTIL), Jignesh Shah, and Shreekant Javalgekar from holding significant positions in the Multi Commodity Exchange of India Limited (MCX). The court rejected the petitioners' request for interim relief, emphasizing the seriousness of the fraud related to the National Stock Exchange Limited (NSEL) and the detailed findings of the FMC. The court found no breach of natural justice principles and concluded that the petitioners did not meet the "fit and proper person" criteria due to their involvement in the NSEL fraud. Case-Laws Indian Laws Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196276