Why Target 63 Moons Management For NSEL Payment Default?

The then management of NSEL, which had the privilege of full functional autonomy, was saying as late as August 2013 that the commodities existed in the warehouses. The management at that time was the sole point of contact with FMC or DCA. The Board of NSEL never had any direct contact with the...

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Is It Right To Punish 63 Moons For Nsel Defaulters’ Crime – Is Government Blindfolded?

NSEL case is a direct reflection of the inefficiency and partiality that prevails in our system. This case has been making headlines since 2013, but for all the wrong reasons as the real culprits are still at large. With various developments that this case has witnessed, the recent verdict...

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Illegal Arrest of Jignesh Shah – Article 20 of the Indian Constitution

The Enforcement Directorate had arrested Mr. Jignesh Shah on 12th July 2016 under Article 20 of the Indian Constitution. The arrest is in violation of Article 20(3) of the Constitution of India. The Article states that no person accused of an offense shall be compelled to be a witness against...

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Illegal Arrest – Section 19 Of PMLA Act 2002

The Enforcement Directorate had arrested Jignesh Shah on 12th July, 2016 under Section 19 of the Prevention of Money Laundering Act, 2002 (PMLA). The arrest is illegal and bypasses the process of law and court. The court had exempted Mr. Jignesh Shah from personal appearance on 7th July 2016....

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