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3d ago

NSEL One-Time Settlement Scheme Secures Overwhelming Approval from Traders

With 91.35% of traders by value supporting the Rs 1,950 crore settlement, the decade-long NSEL payment crisis moves toward resolution under court-mandated oversight.

NSEL
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Overview

  • The National Spot Exchange Ltd. (NSEL) One-Time Settlement (OTS) scheme received 91.35% approval by value and 92.81% by number in e-voting concluded on May 17, 2025.
  • The Rs 1,950 crore settlement will be disbursed to 5,682 traders in proportion to their dues as of July 31, 2024, with payouts overseen by an escrow agent and monitoring authority.
  • The settlement, proposed by the NSEL Investors Forum and approved by the National Company Law Tribunal (NCLT), aims to end all legal disputes against NSEL and assign trader claims to 63 Moons Technologies.
  • This resolution follows years of investigations into the 2013 NSEL scam, which caused Rs 5,600 crore in investor losses and led to chargesheets and asset attachments worth over Rs 3,200 crore.
  • While small traders received partial relief of Rs 179 crore in 2013, the current settlement offers larger claimants an additional 42% recovery, bringing total payouts to between 49.3% and 64% of their dues.