The National Company Law Tribunal (NCLT), Mumbai, has approved a one-time settlement scheme between National Spot Exchange Limited (NSEL) and 5,682 traders, marking a major step toward resolving the long-standing 2013 payment crisis.

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The National Company Law Tribunal, Mumbai approved a ₹1,950 crore one-time settlement scheme between National Spot Exchange Limited and 5,682 traders, offering relief to investors affected by the 2013 payment crisis through proportional payouts based on outstanding dues.

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The Mumbai bench of the National Company Law Tribunal (NCLT) has approved a one-time settlement scheme between National Spot Exchange Limited (NSEL) and 5,682 traders affected by the 2013 payment crisis. Under the plan, ₹1,950 crore will be distributed to traders in proportion to their outstanding dues, after more than 92% of traders voted in favor of the settlement.

Know More At:- https://www.mid-day.com/busine....ss/business-news/art

The Mumbai bench of the National Company Law Tribunal approved a one-time settlement scheme between National Spot Exchange Limited (NSEL) and 5,682 traders, providing ₹1,950 crore as compensation for the 2013 payment crisis.

Know More At:- https://www.mid-day.com/busine....ss/business-news/art

Jignesh Shah, Chairman of the Financial Technologies Group, spoke to NUS Business School students about how emerging technologies, innovation, and fintech-led digital inclusion are transforming global financial markets.

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