National Spot Exchange Limited(NSEL) has recently secured recoveries from 23 defaulters. The defaulters owe a total amount of Rs 4515.93 crore out of which Rs 1233.02 crore has been recovered.
"We have already secured recoveries amounting to Rs 1233.02 crore by way of decree on admission against five defaulters and through injunctions from a total of 18 defaulters with outstanding of Rs 4515.93 crore as of December 31,2015. With this, we have moved another step in right direction, and look forward to similar decrees against other defaulters", NSEL Chief Executive Prakash Chaturvedi said in a newsletter to shareholders.
NK Proteins is the defaulter with the highest obligation of Rs 934.45 crore. It has paid only Rs 35.44 crore as of December 14, 2014. Out of 24 defaulting traders, 2 have almost cleared their dues of Rs 195.75 crore.
NSEL has disbursed Rs 542.99 crore to trading clients. Earlier, NSEL had settled the e-series contracts outstanding up to 98.48% by disbursing Rs 298.52 crore to around 40,000 e-series unit holders directly to their bank accounts.
"We have already secured recoveries amounting to Rs 1233.02 crore by way of decree on admission against five defaulters and through injunctions from a total of 18 defaulters with outstanding of Rs 4515.93 crore as of December 31,2015. With this, we have moved another step in right direction, and look forward to similar decrees against other defaulters", NSEL Chief Executive Prakash Chaturvedi said in a newsletter to shareholders.
NK Proteins is the defaulter with the highest obligation of Rs 934.45 crore. It has paid only Rs 35.44 crore as of December 14, 2014. Out of 24 defaulting traders, 2 have almost cleared their dues of Rs 195.75 crore.
NSEL has disbursed Rs 542.99 crore to trading clients. Earlier, NSEL had settled the e-series contracts outstanding up to 98.48% by disbursing Rs 298.52 crore to around 40,000 e-series unit holders directly to their bank accounts.
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