On June 8, 2018, a National Company Law Tribunal division bench declared
Jignesh Shah, chairman emeritus and mentor of 63 Moons, and nine other persons
not fit to be directors, or hold any other office connected with the management
of 63 Moons and its subsidiary National Spot Exchange Ltd (NSEL). It is
reported that 63 Moons held 99.99% of NSEL’s equity.
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