Comments
The board of Financial Technologies had on Sunday "strongly opposed" the Corporate Affairs Ministry's (MCA) petition to the Company Law Board (CLB) seeking removal and supersession of FTIL board.
This petition to CLB is a clear attempt by the MCA to render ineffective, and in fact defeat FTIL's challenge and opposition to the proposed amalgamation of NSEL with FTIL, the FTIL said in a statement.
FTIL will challenge the MCA's move (to file petition with CLB) in the Bombay High Court, the statement added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.