63 moons technologies, formerly known as Financial Technologies India Ltd (FTIL), claimed on Thursday that it would not be liable to pay National Spot Exchange Ltd (NSEL)'s pending dues worth Rs 52.7 billion, if the two entities are merged.
The statement comes at a time when 63 moons technologies is set to move Supreme Court to challenge the Bombay High Court's judgment ordering the company to merge with the NSEL.
"There are no liabilities today. Nothing has been proven. Not one contract entered into on NSEL platform has been proved illegal or irregular as on today," Venkat Chary, Chairman of 63 moons