NCLT Approves ₹1,950 Crore Settlement Scheme for NSEL Investors

The National Company Law Tribunal (NCLT), Mumbai Bench, approved a ₹1,950 crore one-time settlement (OTS) scheme to resolve claims of over 5,600 investors of National Spot Exchange Limited (NSEL) arising from the 2013 payment default.

The Court held the scheme complied with Sections 230–232 of the Companies Act, 2013, had overwhelming creditor support, and did not violate public policy. The OTS guarantees payment of at least 41.94% of each reconciled claim.

An escrow account managed by a monitoring authority will handle disbursements.

Upon completion, claims will be assigned to 63 Moons Technologies, and specified creditors must withdraw related civil proceedings while criminal actions continue independently.

[M/S NSEL v. 63 Moons Technologies & Ors.]