NCLT Mumbai approves Scheme of Arrangement between NSEL and Creditors
NCLT Mumbai approves the Scheme of Arrangement between National Spot Exchange Limited (NSEL) and its Specified Creditors involving payment of ₹1,950 crore to 5,682 traders.
The approval of the settlement scheme is likely to have a moderate positive impact on the company, as it resolves a significant legal and financial issue.
The news indicates a positive resolution to a long-standing issue, with the approval of the settlement scheme expected to provide relief to traders.
* NCLT Mumbai approved the Scheme of Arrangement between National Spot Exchange Limited (NSEL) and its Specified Creditors on 28 Nov 2025. * The Scheme of Settlement got 92.81% votes in number and 91.35% in value in favour of the One Time Settlement. * The settlement scheme involves payment of ₹1,950 crore to 5,682 traders against closure of legal cases and assignment of rights to 63 moons. * NSEL, with 63 moons' support, had previously paid around ₹179 crore in August 2013 to 7,053 smaller traders with outstanding less than ₹10 lakh. * The decision provides relief to traders whose money was stuck in the NSEL payment crisis of July 2013.
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63 moons technologies limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by 63 moons technologies limited. Read the original for the full detail.