The National Company Law Tribunal at Mumbai on Friday approved a Rs 1,950-crore one-time settlement for 5,682 traders affected by the 2013 National Spot Exchange Ltd (NSEL) scam, holding that the proposal met statutory requirements and did not violate public policy.A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar noted that the settlement had received...
