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Bombay High Court grants bail to Mr. Jignesh Shah
“After a very prolonged custody, Shri Jignesh Shah was granted bail by Bombay High Court. There was no evidence of his knowledge about shortfall in stock found against him. Further, there was no possibility of tampering with any evidence of any nature that was ascribed to him. Granting of bail in a matter like this is a rule of criminal law and justice has been done.”
Mr. Mahesh Jethmalani
“We welcome the news that Bombay High Court has granted bail to our MD Shri Jignesh Shah. His detention has been a temporary setback to the company. However, we are confident that we will overcome the setback and move ahead with confidence.”
Mr. Venkat Chary, Chairman - Independent Non-executive Director
“FTIL, along with other government agencies, has been consistently supporting National Spot Exchange Limited (NSEL) in recovering the monies of the investors from the 24 Defaulters. We rest our faith in the Indian Judicial system and firmly believe that justice will be done to all concerned.”
Mr. Dewang Neralla, Whole-Time Director, FTIL
Outcome of Board Meeting : FTIL Board release issued in the interest of FTIL shareholders, employees and other stakeholders
Annual Report 2013-14
FTIL Annual Report 2013-14
The challenge is to recognize the challenge and the change within. Those who do overcome this challenge, and welcome the change create opportunities for themselves.
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Order Copy of Honourable Bombay High Court granting bail to
Mr. Jignesh Shah, Managing Director of FTIL
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