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NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC).
National Spot Exchange Limited (NSEL) is a national level, institutionalized, electronic, transparent spot market. It is the state-of the-art organized and structured delivery based market place providing facilities for risk free and hassle free purchase and sell of various commodities across the country.
National Spot Exchange Limited (NSEL) case relates to a payment default at the National Spot Exchange Limited that occurred in 2013 involving Financial Technologies India Ltd, when a payment default took place after a commodities market regulator, the Forward Markets Commission (FMC), directed NSEL to stop launching contracts.
The National Spot Exchange Limited ( NSEL) is India's first spot exchange under the ownership of 63 Moons Technologies. It was established in view of the then Prime Minister's vision to create a "single market" across the country for both manufactured and agricultural produce.
NSEL scam in Mumbai: 95% of small investors get money back. The city police, probing the Rs 5,400-crore National Spot Exchange Limited (NSEL) cheating case, have till date auctioned over a dozen properties of the accused and reimbursed Rs 731 crore to investors. 21 Mar, 2022, 07:14 AM IST
May 27, 2019 · The real culprits behind the NSEL crisis were defaulters, brokers and their clients, who masqueraded as investors.
National Spot Exchange Ltd (NSEL) is a state-of-the-art electronic, demutualised commodity spot market. The Exchange is promoted by Financial Technologies (India) Ltd (FTIL) and National ...
The NSEL scam, which came to light in 2013, involves defrauding 13,000 investors of ₹ 5,574 crore after inducing them to trade on the platform, creating forged documents and falsifying accounts,...
Facilitate all stakeholders of the IBC ecosystem by leveraging Information Technology to achieve objective of code. NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC).
Dec 2, 2022 · On November 29, the Securities and Exchange Board of India (Sebi) banned five commodity brokers from obtaining fresh registrations as commodity brokers for their alleged involvement in the National Spot Exchange Ltd (NSEL) scam.
