9 months ago
NSEL Investors Hopeful After 12-Year Wait
After 12 years, investors in the National Spot Exchange (NSEL) are hopeful of getting back some of their money.
The NCLT has approved a ₹1,950-crore settlement scheme, which means over 5,600 traders will get 47-50% of their dues back.
Earlier, NSEL had paid about ₹179 crore to smaller traders.
Investors like Salil Maaru and Hemant Kothari are relieved and hopeful that they will receive their money soon.
The NSEL Investors’ Forum has requested the government to expedite the process so that investors can get their money back as soon as possible.
NCLT approved a ₹1,950-crore one-time settlement scheme for NSEL investors.
Over 5,600 traders will receive 47-50% of their dues.
NSEL and its parent company, 63 Moons Technologies, will pay affected traders who agree to waive further claims.
Earlier, NSEL paid ₹179 crore to 7,053 smaller traders with outstanding amounts less than ₹10 lakh.
Investors are hopeful and relieved, with some planning to use the money for personal milestones like weddings.
- Who
- NSEL investors and traders
- What
- Approval of a ₹1,950-crore one-time settlement scheme for NSEL investors
- Where
- India
- When
- November 2025 (approval), July 2013 (exchange shutdown)
- Why
- To resolve the 2013 payment default crisis and provide relief to affected traders
Key facts
- Total Settlement Amount
- ₹1,950 crore
- Number of Traders
- Over 5,600
- Percentage of Dues Recovered
- 47-50%
- Amount Paid Earlier
- ₹179 crore
- Number of Smaller Traders Paid
- 7,053
- Outstanding Limit for Smaller Traders
- Less than ₹10 lakh
- Approval Authority
- NCLT (National Company Law Tribunal)
Quotes
Salil Maaru
A 56-year-old investor in NSEL products
“I never thought exchanges could be shut down abruptly. Even then I was confident that they would recover the money by selling the goods stored in the warehouse, since I was getting regular updates on the value of goods stored in my name”
thehindubusinessline.com
Sharada Saraf
Chief of the NSEL Investors’ Forum
“As there are half-a-dozen government agencies involved in the matter, we humbly request the Central Government to help expedite this matter so that investors can get their money back at the earliest”
thehindubusinessline.com
