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NSEL questions investor numbers
Various investors’ bodies have repeatedly put the total clients’ number at 13,000, a figure noted in various court hearings. The number was also quoted by the regulator, FMC. The......
NSEL investors want assets of Shah, directors attached
National Spot Exchange Ltd investors are planning to move court for the recovery of their investments through the attachment of the personal assets of the exchange’s vice-chairman Jignesh......
Investors reject Jignesh Shah's 25% haircut proposal
The National Spot Exchange Ltd (NSEL) payout drama is turning sticky. Investors are fast losing patience on what they term promoter Jignesh Shah’s doublespeak. Several large investors, part......
Long battle awaits NSEL investors
In its first payout on Tuesday, National Spot Exchange Ltd (NSEL) was able to pay only half the money due to investors.While the NSEL Investors’ Forum is considering taking the legal route......
NSEL confident of settling dues ahead of schedule
National Spot Exchange Ltd is confident of settling the Rs 5,600-crore (Rs 56-billion) dues to investors earlier than the 30-week schedule it had declared last week. “The time schedule......
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