The PMLA Appellate Tribunal, on Tuesday released the assets of 63 moons from attachment by the Enforcement Directorate (ED). This order comes soon after the Bombay High Court order, which quashed the attachments of 63 moons assets under the MPID Act.
However, the Tribunal, after quashing the attachment orders, has made it subject to filing of an indemnity bond within a week. The Tribunal has restrained 63 moons from dealing with the released assets till pendency of the trial of the larger issues in the PMLA court. 63 moons, based on sound legal advice, is of the opinion that passing of this sort of restraint order and of seeking an indemnity bond, particularly when the orders of attachment have been quashed, is beyond the power of the Tribunal under the PMLA. 63 moons will take appropriate legal recourse against this part of the order.
Shares of 63 Moons Technologies Ltd was last trading in BSE at Rs.127.8 as compared to the previous close of Rs. 121.75. The total number of shares traded during the day was 42907 in over 595 trades.
The stock hit an intraday high of Rs. 127.8 and intraday low of 121. The net turnover during the day was Rs. 5419583.