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NSEL defaults for 11th time; pays Rs 29 cr against Rs 174.72 cr

Crisis-ridden bourse NSEL defaulted for the 11th straight time Tuesday as it could pay only Rs 29 crore to investors against a scheduled payment amount of Rs 174.72 crore.

EOW chalks out strategy in NSEL issue

The Economic offence wing of Mumbai police has chalked out strategy for NSEL payment scam. EOW is going to bet on the some of the former employees of the fraudulent companies.

NSEL to face separate action for any companies law violations

The Finance Ministry will decide on action to be taken on alleged irregularities at crisis-hit National Spot Exchange Ltd (NSEL) as per the report of a high-level panel headed by Economic Affairs Secretary Arvind Mayaram, Corporate Affairs Minister Sachin Pilot said here yesterday.

‘Systematic failure’ in NSEL functioning: Mayaram panel

The high-level panel on alleged irregularities at NSEL Monday submitted to the Finance Minister its report which is believed to have pointed out certain 'minor systemic' failures in the functioning of the exchange.

Mayaram panel on NSEL to submit report to FM on Monday

Sources said the panel has found "minor systemic" failure in the functioning of the exchange and the report would be submitted to Finance Minister P Chidambaram on Monday.

Investors hope to recover Rs 4000 cr from top 5 NSEL borrowers

NSEL Investors Forum Tuesday said it expects to recover Rs 4,000 crore from top five borrowers of the exchange.

Corp Affairs Ministry examining whether NSEL violated laws

The minister was speaking on the sidelines of a national conference on the Companies Act, 2013 organised by CII.

NSEL crisis: Panel of secretaries to meet on Sept 18

A panel of secretaries, headed by Economic Affairs Secretary Arvind Mayaram, is likely to meet on September 18 to review developments at payment crisis-hit National Spot Exchange Ltd (NSEL).

NSEL: Enforcement Directorate submits report to FinMin

The Enforcement Directorate (ED) was one of the two working groups that was looking into the payment crisis on the commodity exchange.

NSEL third payout; Bourse gets only Rs 80 lakh Wednesday

The National Spot Exchange (NSEL) could gather only Rs 80 lakh Wednesday from its members and clients against the third scheduled payout of Rs 174.72 crore which is due on September 4.

NSEL defaults on 2nd payment; Govt to investigate violations

National Spot Exchange Ltd Tuesday defaulted in its payment to investors for the second consecutive week, even as the government set up a panel of secretaries headed by Economic Affairs Secretary Arvind Mayaram to look into affairs of the crisis-ridden exchange.

NSEL defaults in 2nd payout; takes loan to pay small investors

As it defaulted for the second consecutive week in paying its investors, crisis-ridden National Spot Exchange (NSEL) Tuesday said it has received over Rs 177 crore from its main promoter, Jignesh Shah-run FTIL, which will be used to clear payments due to small investors.

Buyers might have defaulted on payments at NSEL on Aug 16: Govt

The government asked the NSEL to become a responsible guarantor to the Rs 5,600-crore dues to investors and meet its commitments.