MY KOLKATA EDUGRAPH
ADVERTISEMENT
Regular-article-logo Saturday, 20 April 2024

Chidambaram seeks papers from company demanding Rs 10,000 crore damages

The company, 63 Moons Technologies, has alleged that it was targeted as part of a "conspiracy" hatched by Chidambaram and two others

PTI Mumbai Published 21.08.19, 06:39 AM
Chidambaram in New Delhi on Tuesday.

Chidambaram in New Delhi on Tuesday. Picture by Prem Singh

Former Union finance minister P. Chidambaram, who is facing a summons from Bombay High Court in a suit filed by a technology company seeking Rs 10,000 crore in damages, has sought a copy of the complaint and other relevant documents from the firm.

The high court on July 24 directed Chidambaram and two bureaucrats to remain present in person or through their lawyers on October 15 to respond to the claims made by the company, 63 Moons Technologies, formerly known as Financial Technologies Ltd.

ADVERTISEMENT

On August 14, Chidambaram's lawyer Nitesh Jain sought a copy of the complaint and all documents that the company had relied upon. 'The summons was not accompanied by a copy of the plaint or any other annexures, hence the summons is in non-compliance with relevant provisions of the Code of Civil Procedure,' the letter by Chidambaram's lawyers said.

The company's lawyer, Bhavesh Thakur, on Tuesday said after receiving the letter, a copy of the suit and other relevant documents were sent to Chidambaram.

63 Moons Technologies filed the suit on June 12 against Chidambaram, ministry of skill development secretary K.P. Krishnan and former Forward Markets Commission (FMC) chairman Ramesh Abhishek.

The company alleged that it was facing continuous 'targeted and malafide actions' in the wake of an 'engineered payment default crisis' at one of its subsidiaries, the National Spot Exchange Limited (NSEL).

It claimed that the probe by multiple agencies did not find any money trail reaching NSEL, 63 Moons and its founder Jignesh Shah.

However, the group was targeted as part of a 'conspiracy' hatched by Chidambaram, Krishnan and Abhishek, the suit alleged.

Follow us on:
ADVERTISEMENT