CALCULATE YOUR SIP RETURNS

NSEL Scam: Maharashtra CM Urged to Support Long-Pending ₹1,950 Crore Investor Settlement

Written by: Team Angel OneUpdated on: 30 Jun 2025, 8:19 pm IST
NSEL Investors Forum urges Maharashtra CM to support a ₹1,950 crore one-time settlement for over 5,600 affected investors.
NSEL Scam: Maharashtra CM Urged to Support Long-Pending ₹1,950 Crore Investor Settlement
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

The NSEL Investors Forum has approached Maharashtra Chief Minister Devendra Fadnavis seeking government backing for a proposed ₹1,950 crore settlement plan with National Spot Exchange Ltd. The move aims to resolve a financial crisis dating back to July 2013, affecting thousands of retail investors and traders.

NSEL Scam: ₹1,950 Crore Settlement Scheme Reaches Final Hearing Stage

After nearly 12 years of legal efforts and financial distress, a significant breakthrough appears possible for investors caught in the 2013 National Spot Exchange Ltd crisis. A ₹1,950 crore one-time settlement plan, formally submitted under the Companies Act to the National Company Law Tribunal (NCLT) in Mumbai, aims to compensate 5,682 traders based on outstanding dues as of July 31, 2024. A final hearing is scheduled for July 11, 2025, marking a critical step toward closure for affected parties.

NSEL Investors Forum Requests Non-Interference from Maharashtra State Authorities

In a formal appeal dated June 19, 2025, the NSEL Investors Forum has urged CM Fadnavis to ensure that state authorities such as the Economic Offences Wing (EOW) and other related departments do not take actions that could disrupt or delay the NCLT proceedings. The forum believes that neutral or supportive responses from government bodies are key to ensuring the successful implementation of the settlement.

Role of 63 Moons Technologies in Facilitating Resolution

NSEL’s parent company, 63 Moons Technologies, is backing the settlement proposal and has filed the Scheme of Settlement with the NCLT. This is considered a full and final resolution, initiated by the investor community itself. Notably, this is not 63 Moons’ first relief effort; in August 2013, the firm had disbursed ₹179 crore to benefit 7,053 small investors with claims under ₹10 lakh each.

Read More: EPFO Raises Auto-Settlement Cap for EPF Advances to ₹5 Lakhs, Says Mansukh Mandaviya!

Legal Representation and Future Course

The NSEL Investors Forum has requested the appointment of a specialised legal expert in company law to represent the state in the NCLT to ensure the administration’s position supports investor interests. Such a move may prevent hurdles from being introduced unintentionally through bureaucratic channels, further aligning government priorities with equitable resolution for aggrieved traders.

Conclusion

This ₹1,950 crore settlement represents a long-awaited resolution to one of India’s most high-profile financial crises. The outcome of the July 11, 2025, NCLT hearing could offer closure to thousands of traders if supported by the Maharashtra state administration. Coordination between NSEL, 63 Moons, and state authorities is vital to ensure that investor interests are finally addressed.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.

Published on: Jun 30, 2025, 2:47 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers