NSEL fails to pay investors for ninth time

With Tuesday’s pay-out,NSEL settled about Rs 180 crore against Rs 5,600 crore dues to 13,000 investors.

Written by Press Trust Of India | New Delhi | Published: October 16, 2013 4:01 am

Crisis-hit National Spot Exchange Ltd (NSEL) defaulted for the ninth straight time on Tuesday as it could pay only Rs 28.34 crore to investors against a scheduled amount of Rs 174.72 crore.

With Tuesday’s pay-out,NSEL,which is engulfed in a Rs 5,600-crore payment crisis,settled about Rs 180 crore against Rs 5,600 crore dues to 13,000 investors.

“The total amount being disbursed today in a proportionate manner is Rs 28.34 crore,” an NSEL spokesperson said.

According to NSEL data,Topworth Steel made a payment of Rs 15 crore.

For all the latest News Archive News, download Indian Express App

  1. No Comments.