NCLT greenlights ₹1,950 crore one-time settlement scheme for NSEL traders; all you need to know

The National Company Law Tribunal (NCLT) has approved a one-time settlement scheme between the National Spot Exchange Limited (NSEL) and traders, paving the way for payment of ₹1,950 crore to 5,682 traders, the exchange announced on Friday, November 28.

The settlement envisages proportionate payments to traders based on their outstanding dues as of July 31, 2024, in exchange for the closure of legal cases against the group and the assignment of all traders' rights in favour of 63 Moons, NSEL said in a statement.

NSEL, with support from its parent company, 63 Moons Technologies Limited, had filed the settlement scheme before the NCLT Mumbai for an amicable, full, and final resolution with the traders.

When put to a vote by the tribunal, 92.81% of traders by number and 91.35% by value voted in favour of the settlement.

This marks the second time 63 Moons has stepped in to support traders. In August 2013, NSEL, backed by 63 Moons, had paid around ₹179 crore, providing relief to 7,053 smaller traders with outstanding dues of less than ₹10 lakh.

The decision brings relief to traders whose funds were stuck following the NSEL payment crisis in July 2013.

"This would not have been possible without the positive approach of the present BJP government (Central & State) in resolving the crisis, which was not resolved by P Chidambaram and the UPA 2 government for reasons best known to them," said Neeraj Sharma, Managing Director and CEO of NSEL.

Sharad Kumar Saraf, Chairman of NSEL Investors' Forum (NIF), expressed gratitude for the efforts by 63 Moons and NSEL, along with support from the central and state governments, in achieving closure.

63 Moons Technologies shares

Shares of 63 Moons closed 15.15% higher at ₹118.35 apiece on the National Stock Exchange (NSE) on Friday. Intra-day, the stock surged as much as 20% to a high of ₹937.65 per equity share during the trading session, following the development.

The scrip has soared nearly 24% over the past five days and more than 13% over the month. It has advanced above 8% in the last six months. On a year-to-date basis, however, it has lost over 5%.

63 Moons Technologies has a total market capitalisation of ₹4,145.92 crore, as of November 28, 2025, according to data on the NSE.