The Forward Markets Commission (FMC) on Thursday barred the National Spot Exchange and group firms from auctions of commodities held by the bourse after a complaint that firms related to the former managing director took part in the bidding process.
A five-member panel will now oversee the auctions at NSEl, the Forward Markets Commission (FMC) said in a directive to the crisis-hit exchange. The NSEl is selling commodities to clear Rs 5,600 crore of dues to 13,000 investors.