Archive · 29 Jun 2025
NSEL Investors Forum Seeks Support for One-Time Settlement
A group of investors, the NSEL Investors Forum, is asking the Maharashtra Chief Minister for help.
They want him to support a plan where they can get some of their money back after a long time.
These investors lost money because of problems with an exchange.
The Forum is worried that state authorities might block this plan, which would delay the investors getting their money.
Most investors have agreed to a settlement, and a court will decide on July 11.
This settlement would help investors get their money faster than other methods.
NSEL Investors Forum seeks Maharashtra CM's help regarding a one-time settlement plan.
The Forum aims to prevent negative actions from state authorities that could delay the settlement.
Investors have been waiting for nearly 12 years to receive their lost funds from the exchange.
A one-time settlement of ₹1,950 crore was agreed upon by NSEL and investors.
NCLT will hear the settlement case on July 11, with the Forum urging support.
- Who
- NSEL Investors Forum and Maharashtra Chief Minister
- What
- NSEL Investors Forum seeks intervention to execute a one-time settlement plan.
- When
- The NCLT hearing is slated for July 11.
- Where
- Maharashtra
- Why
- To prevent any negative actions that could derail or delay the settlement process.
- Forum
- NSEL Investors Forum
- Settlement Amount
- ₹1,950 crore
- NCLT Hearing Date
- July 11
- Investors Approval
- 92.81% by number, 91.35% by value