NCLT approves NSEL's one-time settlement scheme

The NCLT, Mumbai, has approved a Scheme of Arrangement between National Spot Exchange Limited (NSEL) and its Specified Creditors, a move communicated by 63 moons technologies limited on November 28, 2025. This decision addresses the NSEL payment crisis that originated in July 2013. The approved One Time Settlement Scheme was backed by 92.81% of traders by number and 91.35% by value.

The scheme involves NSEL, with the support of 63 moons technologies limited, paying INR 1,950 crores to 5,682 traders. This payment is proportional to their outstanding amounts as of July 31, 2024, in exchange for the closure of legal cases against the group and the assignment of all trader rights to 63 moons.

This is not the first instance of support from 63 moons; in August 2013, NSEL, with 63 moons' backing, paid approximately INR 179 crores, providing relief to 7,053 smaller traders with outstanding amounts less than INR 10 lakh.