The National Company Law Tribunal (NCLT) has approved a One Time Settlement Scheme initiated by the National Spot Exchange Limited (NSEL) that will facilitate the payment of ₹1,950 crore to 5,682 traders. This settlement was announced by the exchange on Friday.
Under this scheme, traders will receive proportionate payments based on their outstanding dues as of July 31, 2024. In exchange, traders are required to close any legal cases against the group and assign their rights to 63 Moons Technologies Limited, the parent company of NSEL.
NSEL, with the backing of 63 Moons, submitted the settlement proposal to the NCLT in Mumbai with the aim of achieving an amicable resolution for traders. The tribunal’s vote showed strong support for the proposal, with 92.81% of traders by number and 91.35% by value in favor of the settlement.
This marks the second instance where 63 Moons has intervened to assist traders. In August 2013, NSEL, with 63 Moons’ support, disbursed approximately ₹179 crore to relieve 7,053 smaller traders who had outstanding dues of less than ₹10 lakh.
The current decision provides relief to those traders whose funds have been frozen since the NSEL payment crisis that began in July 2013. Neeraj Sharma, Managing Director and CEO of NSEL, credited the resolution to the positive efforts of the current BJP government at both the Central and State levels, contrasting it with the previous UPA II government’s inaction.
Sharad Kumar Saraf, Chairman of the NSEL Investors’ Forum (NIF), expressed appreciation for the collaborative efforts of 63 Moons, NSEL, and government authorities in bringing about this resolution.
Published on November 28, 2025.
