Jignesh Shah’s incredible growth was
perceived as a threat by the monopolistic forces who burnt midnight oil to
decimate him from the exchange markets. These vested interests formed a nexus
that engineered a payment default crisis at one of 63 moons technologies’
subsidiary—the National Spot Exchange Limited (NSEL) in 2013. Despite enough
evidence of the entire money trail being traced to the 24 defaulters and not a
paisa to the exchange, its parent company and to Jignesh Shah, the group was
targeted and almost annihilated.
It started and continued for over the
last 8 years of continuous harassment, several legal hurdles, ousted from all
his exchange businesses, the path of India’s famed entrepreneur/innovator,
Jignesh Shah, was full of thorns, but his enormous will-power and utmost faith
in Indian judiciary made him believe there is always room for truth and
righteousness.
However, Jignesh Shah’s fortitude for
justice did not let him give up on his fight for truth. This is validated
with the two recent court orders—the Supreme Court setting aside the forced
merger of NSEL with 63 moons technologies in April 2019 and the quashing of the
attachment of assets of Jignesh Shah’s company in the NSEL case in August 2019.
Once again, Jignesh Shah is all set
to create miracles for the Indian economy and sees a strong potential in the
emerging start-up ecosystem, which can flourish only if it is provided the
right mentorship, funding for institutionalisation, competitive global
standards and scaling up. Jignesh Shah feels he and his company can act as
catalysts in the start-up industry to create up to 10 crore jobs over the next
decade.
Read Also: The Fin-Tech Innovator Jignesh Shah aims to promote young talent
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