Earlier on December 2, 2013, the MPID court had declared that the Mohan India Group agreement is legally valid
National Spot Exchange Ltd. (NSEL) received permission of the Forward Markets Commission (FMC) to disburse Rs 11 crore received from Mohan India Group as part of the settlement agreement. This amount received from Mohan India Group has been lying in the NSEL escrow account since November 2, 2013.
Earlier on December 2, 2013, the MPID court had declared that the Mohan India Group agreement is legally valid and the Mohan India Group and NSEL shall proceed to act according to the settlement bonafide.
NSEL has also moved the Bombay High Court to modify its earlier order of October 7, 2013, for ensuring speedy implementation of settlement agreements with defaulting members, including Mohan India Group.
Earlier on December 2, 2013, the MPID court had declared that the Mohan India Group agreement is legally valid and the Mohan India Group and NSEL shall proceed to act according to the settlement bonafide.
NSEL has also moved the Bombay High Court to modify its earlier order of October 7, 2013, for ensuring speedy implementation of settlement agreements with defaulting members, including Mohan India Group.
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