 "Bombay HC halts settlements in e-series contracts")
The Bombay High Court on Friday ordered National Spot Exchange Limited not to clear any requests for financial settlements or otherwise for e-series investors without FMC's approval.
As on today, NSEL settled investors claims as per exchange guidelines. Rejecting government council argument of FMC not being held responsible for regulating NSEL,
The court held that monitoring of forward contracts in commodities should be looked after by FMC. The court is said to pass the judgement on Monday.