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NCLT clears ₹1,950 cr one-time settlement for NSEL investors

Business Standard

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November 29, 2025

CREDITORS WILL WITHDRAW ALL CIVIL SUITS AGAINST NSEL AND 63 MOONS AFTER THE SETTLEMENT IS COMPLETED

- BHAVINI MISHRA

The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved a onetime settlement (OTS) scheme worth ₹1,950 crore proposed by National Spot Exchange Limited (NSEL) to resolve the decade-old payment crisis that affected over 5,600 investors.

The tribunal said the plan, backed by a majority of creditors, is “fair, reasonable, and not against public policy.”

The order is a step towards closure of the 2013 NSEL default case, a commodity market crisis involving a default of ₹5,402.71 crore by 24 trading members.

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