Bombay High Court Directs Chidambaram, Two Senior Bureaucrats To Respond To Suit By 63 Moons Technologies
[ By Bobby Anthony ]The Bombay High Court has directed former Union Finance Minister P Chidambaram and two senior bureaucrats to file their affidavits in response to a suit filed by 63 Moons Technologies Ltd, which has sought Rs 10,000 crore in damages.Besides Chidambaram, two bureaucrats, namely K P Krishnan and Ramesh Abhishek have been directed to file their affidavits within eight weeks...
The Bombay High Court has directed former Union Finance Minister P Chidambaram and two senior bureaucrats to file their affidavits in response to a suit filed by 63 Moons Technologies Ltd, which has sought Rs 10,000 crore in damages.
Besides Chidambaram, two bureaucrats, namely K P Krishnan and Ramesh Abhishek have been directed to file their affidavits within eight weeks by Justice A K Menon.
It may be recalled that 63 Moons Technologies, which used to be previously known as Financial Technologies Ltd, had filed a suit on June 12 against Chidambaram and the two bureaucrats. The company had accused them of taking “malicious and malafide” action against it when Chidambaram was finance minister, in connection with the Rs 5,600 crore NSEL scam.
When Chidambaram used to be Union Finance Minister, Krishnan was secretary in the Ministry of Skill Development, while Ramesh Abhishek was chairman of the Forward Markets Commission.
The suit filed by 63 Moons Technologies has alleged that the company faced continuous "targeted and malafide actions" in the wake of an engineered payment default crisis at one of its subsidiaries, the National Spot Exchange Ltd (NSEL).
No money trail was traced to NSEL, 63 Moons and its founder Jignesh Shah by multiple investigative agencies, according to the suit.
The suit stated that 63 Moons Technologies was targeted as part of a “conspiracy” by Chidambaram, Krishnan and Abhishek.