NSEL : FICTION UNCOVERED.  The National Spot Exchange Ltd alleged payment crisis Rs 5,600 came to light on July 31, 2013, when the exchange suspended.

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Presentation transcript:

NSEL : FICTION UNCOVERED

 The National Spot Exchange Ltd alleged payment crisis Rs 5,600 came to light on July 31, 2013, when the exchange suspended trading in all its contracts  It is already known that money trail to the last paisa is established with the NSEL defaulters  NSEL crisis Overview on NSEL CRISIS

This is a fact that only NSEL is pursing recovery and neither brokers nor clients nor doing anything for recovery of defaulters NSEL succeeded is selling assets wherever it was legally possible as almost all cases of recovery are at different levels of progress at different legal forms, like MPID, Bombay High Court, ED, HCC etc If the clients and brokers feel some assets can be sold then why they are not moving petitions or participating in these cases for sales of assets when they are physically present along with their lawyers in all the forums. NSEL a lone fighter for recovery. Reality