NSEL Crisis Nears End: NCLT Greenlights ₹1,950 Cr Payout to 5,682 Traders

Settlement Approval

NCLT Mumbai sanctioned the scheme proposed by NSEL and 63 moons technologies, marking closure to the decade-long dispute stemming from NSEL's 2013 collapse. Traders will receive payments reflecting 49-64% recovery on claims over ₹10 lakh, building on prior ₹179 crore disbursed to smaller investors in 2013.​

Market Impact

The approval triggered a 13-15% surge in 63 moons shares, signaling investor relief and potential withdrawal of legal cases against the group. Originally from NSEL Investors Forum, over 92% traders endorsed it via e-voting in May 2025, paving for full-and-final resolution.​

Key Highlights:

Payout Details: ₹1,950 crore to 5,682 traders based on July 31, 2024 outstanding; additional 42% recovery for larger claims.​

Approval Metrics: 92.81% by number, 91.35% by value in e-voting; NCLT nod on November 28, 2025.​

Historical Context: Follows 2013 crisis affecting 7,053 small traders (fully paid); ends litigation with rights assigned to 63 moons.​

Stock Reaction: 63 moons shares up 13-15% post-approval.​

Sources: Moneycontrol, Business Today, Business Standard, Economic Times