NCLT Approval to Settlement Scheme Does Not Dilute Criminal Charges in NSEL Scam: Bombay High Court
The Bombay High Court delivered a significant ruling in the case of M/s 63 Moons Technologies Limited versus Union of India, making it clear that approval of a One Time Settlement (OTS) by the National Company Law Tribunal does not absolve the accused from criminal liability in the NSEL Scam. The case involves serious allegations of financial fraud and money laundering linked to the 2013 crisis that affected thousands of…
