
Traders of NSEL give super thumbs up tothe One-Time Settlement Scheme
NSEL with the support of its parent company 63 moons technologies limited had filed a Scheme of Settlement before the Hon’ble National Company Law Tribunal (NCLT), Mumbai, for a one-time amicable full and final settlement with 5682 traders. The OTS was originally proposed by the NSEL Investors Forum (NIF), an association representing large number of traders.
As per the Scheme of settlement, an amount of Rs. 1,950 crores shall be paid to 5682 traders in proportion to their outstanding as on 31st July, 2024. This settlement would mean closure of legal cases against the group along with assignment of all rights of traders in favour of 63 moons.
NCLT vide its order dated 8th April, 2025 had ordered e-voting of the traders on the proposed resolution for approving the scheme of settlement....