63 Moons Technologies Ltd.

63 Moons Technologies, formerly Financial Technologies (India) (FTIL) has decided to move the Supreme Court against the Bombay High Court verdict upholding an MCA order directing the merger of scam-hit NSEL with FTIL. The Bombay High Court on December 4 dismissed a petition filed by the company opposing the Ministry of Corporate Affairs' order.

In February 2016, the Ministry had passed a final order directing the merger of scam-hit NSEL with FTIL. The draft order was issued in October 2014. It was the first case of the government ordering the merger of two private sector companies (under Section 396 of Companies Act, 1956).