FTIL moves SAT against SEBI order

Financial Technologies (India) Limited , promoted by Jignesh Shah, has moved the Securities Appellate Tribunal, challenging the Securities and Exchange Board of India’s ruling that the company was not fit to have stake in any stock exchange. When asked whether FTIL has challenged the SEBI order on ‘fit and proper’ status at the tribunal, a company spokesperson said “Yes, we have filed it and we have no further comments.” — PTI