NSEL’s One-Time Settlement Scheme Garners Over 90% Trader Approval, Paving Way for Resolution

The National Spot Exchange Limited (NSEL) has been strongly backed by traders for its Rs 1,950 crore One-Time Settlement (OTS) proposal that will settle the payment mess of a decade. According to the final e-voting results announced on May 19, 2025, 92.81% of the traders on count and 91.35% on value voted in favor of the settlement, which will compensate 5,682 traders proportionate to their dues as on July 31, 2024.

 

The settlement, backed by NSEL's parent company 63 Moons Technologies, will settle outstanding court cases and transfer all the rights of the traders to 63 Moons. This is a huge success following the 2013 crisis where traders' money was held up for years. Earlier, dues of less than Rs 10 lakh were seen getting some relief for small traders.

 

NSEL CEO Neeraj Sharma and 63 Moons MD S Rajendran were optimistic that the landmark settlement will bring closure and instill confidence among the stakeholders.

 

Source: Economic Times, Business Standard, NDTV