NSEL 3rd payout; gathers Rs 5.97 cr so far against Rs 174.7 cr

Of the 24 members, only four have paid a total of Rs 5.97 crore so far (Rs 80 lakh was paid on August 28, Rs 17 lakh on August 29, Rs 5 crore on August 30), the exchange said in a release.

NSEL for action against Lotus on Rs 252 cr claim; co denies

Lotus has written to the commodity market regulator FMC disputing any payment obligation. The Mumbai-based company makes a wide range of edible oil products.

Indian Council of Investors files PIL against NSEL

City-based Indian Council of Investors, an investors' representative body, on Friday filed a public interest litigation against the beleaguered National Spot Exchange Limited (NSEL) in the Bombay High Court.