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Jignesh Shah’s endeavour are guided were

63 moons technologies limited, a venture is among the most powerful and influential companies in the exchange space. Under the leadership of fintech czar, Mr. Jignesh Shah, the company has made remarkable progress in the exchange markets and proved itself as a world leader.

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Jignesh Shah’s endeavour are guided were

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  1. Jignesh Shah’s endeavour are guided were

  2. 63 moons technologies limited, a venture is among the most powerful and influential companies in the exchange space. Under the leadership of fintech czar, Mr. Jignesh Shah, the company has made remarkable progress in the exchange markets and proved itself as a world leader. 63 moons, needless to say, has been able to comfortably write its success story despite severe competition from some well-established market players. Ironically, it seems that Mr. Jignesh Shah was punished for being a visionary and bringing about a change in the market ecosystem. The market regulator and the investigating agencies refused to look at the other side and directed actions against the exchange, its parent company and Mr. Jignesh Shah in the payment default crisis at one of the subsidiaries of the company—the National Spot Exchange Limited (NSEL).

  3. However, with certain recent developments, all lies around the NSEL crisis have been nailed with the court orders. In April 2019, the Supreme Court set aside a Bombay High Court judgment approving the merger of crisis-hit NSEL with parent company, 63 moons, in public interest under Section 396 of the Companies Act. In another judgment, in August 2019, the Bombay High Court also quashed the attachment of assets of 63 moons in the NSEL case. It’s now quite evident that finally, the tide is turning in favour of truth which is being seen as a big victory for Mr. Jignesh Shah, 63 moons, its shareholders and employees.

  4. While the assets of NSEL and its promoters were hastily attached under the provisions of MPID, the same brokers cried foul when it was time to taste their own medicine. The NSEL in December 2018 had filed a writ petition before the Bombay High Court, questioning the Maharashtra Government for its inaction against the brokers and trading members in attaching their assets. As such, the tide of time seems to be turning in favour of truth, and that’s a big victory for the corporate India and millions of young Indian entrepreneurs at large.

  5. ThankYou

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