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NSEL Secures Over 90% Trader Approval for Rs 1,950-Crore Settlement

The court-supervised scheme aims to resolve the decade-long payment crisis, disbursing funds to 5,682 traders and closing legal cases.

NSEL
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Overview

  • More than 90% of traders, representing 91.35% by value and 92.81% by number, approved the one-time settlement scheme via e-voting concluded on May 17, 2025.
  • The Rs 1,950-crore settlement will be distributed proportionally to 5,682 traders based on their outstanding balances as of July 31, 2024.
  • This settlement will bring an end to the NSEL payment crisis that began in July 2013 and close all related legal cases against the group.
  • The scheme was proposed by the NSEL Investors Forum and will be implemented under the supervision of an escrow agent and a monitoring authority to ensure transparency.
  • NSEL, supported by parent company 63 Moons, previously disbursed Rs 179 crore in 2013 to smaller traders, aiding 7,053 claimants with dues under Rs 10 lakh.