NSEL traders vote in favour of one-time settlement scheme The Hindu Bureau MUMBAI More than 90% of the trad-ers of the scam-tainted Na-tional Spot Exchange Ltd. (NSEL) in value and 92.81% in number have voted in fa-vour of one-time settle-ment (OTS), according to a statement by NSEL. The e-voting concluded on May 17. According to the scheme of settlement, ₹1,950 crore would be paid to 5,682 traders in propor-tion to their outstandings as on July 31, 2024. NSEL, with the support of its parent 63 moons technologies ltd., had filed a scheme of settlement be-fore the National Company Law Tribunal (NCLT), Mumbai, for a one-time, amicable full and final set-tlement with 5,682 traders. The OTS was originally proposed by the NSEL In-vestors Forum (NIF), an as-sociation representing a large number of traders. "This settlement would mean closure of legal cases against the group along A sum of 21,950 cr. would be paid to 5,682 traders in proportion to their outstandings with assignment of all rights of traders in favour of 63 moons," NSEL said. The NCLT, vide its order dated April 8, 2025, or dered e-voting of the trad ers on the resolution for the scheme of settlement. The NCLT appointed Ashwini Gupta (company secretary) as scrutiniser and Mukesh Mital (retired IRS) as chairperson to oversee the e-voting. Relief for traders This settlement is expected to bring major relief to the traders whose monies were stuck in the NSEL payment crisis which hap-pened in July 2013. In August 2013, NSEL paid about 179 crore to 7,053 smaller traders with an outstanding of less than ₹10 lakh each.

 NSEL traders vote in favour of one-time settlement scheme



More than 90% of the trad-ers of the scam-tainted Na-tional Spot Exchange Ltd. (NSEL) in value and 92.81% in number have voted in fa-vour of one-time settle-ment (OTS), according to a statement by NSEL. The e-voting concluded on May 17. According to the scheme of settlement, ₹1,950 crore would be paid to 5,682 traders in propor-tion to their outstandings as on July 31, 2024. NSEL, with the support of its parent 63 moons technologies ltd., had filed a scheme of settlement be-fore the National Company Law Tribunal (NCLT), Mumbai, for a one-time, amicable full and final set-tlement with 5,682 traders. The OTS was originally proposed by the NSEL In-vestors Forum (NIF), an as-sociation representing a large number of traders. "This settlement would mean closure of legal cases against the group along  sum of 21,950 cr. would be paid to 5,682 traders in proportion to their outstandings with assignment of all rights of traders in favour of 63 moons," NSEL said. The NCLT, vide its order dated April 8, 2025, or dered e-voting of the trad ers on the resolution for the scheme of settlement. The NCLT appointed Ashwini Gupta (company secretary) as scrutiniser and Mukesh Mital (retired IRS) as chairperson to oversee the e-voting. This settlement is expected to bring major relief to the traders whose monies were stuck in the NSEL payment crisis which hap-pened in July 2013.

In August 2013, NSEL paid about 179 crore to 7,053 smaller traders with an outstanding of less than ₹10 lakh each.

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