PMLA Court clears ₹1,950 crore NSEL settlement for 5,682 creditors

This is a press release from the Directorate of Enforcement (ED) announcing that the Special PMLA Court, Mumbai, has permitted the monetization of assets attached in the National Spot Exchange Limited (NSEL) case to facilitate a ₹1,950 Crore settlement for investors. It matters to citizens as it details the mechanism for restitution to 5,682 specified creditors who have been awaiting recovery since 2013.

Who it concerns: The order concerns the Special PMLA Court, Mumbai; the Directorate of Enforcement (ED); 5,682 specified creditors (investors); 63 Moons Technologies Ltd. (assignee of creditors); and the Competent Authority under the Maharashtra Protection of Interest of Depositors (MPID) Act.

What the ED says it did

• The Special PMLA Court, Mumbai, ordered on 08.10.2026 that properties worth approximately ₹3,464 Crore attached by the ED be monetized.
• Up to ₹1,950 Crore realized from this monetization is to be paid to 63 Moons Technologies Ltd. as the assignee of the specified creditors, following a Settlement Trigger Event defined in the NCLT-approved Scheme.
• The monetization will be carried out by the ED in consultation with the Competent Authority under the MPID Act, as many properties are also attached under that Act.
• Any amount realized in excess of ₹1,950 Crore will remain in the custody of the Special Court, subject to the final outcome of the proceedings.
• The ED provided a no-objection to this arrangement to secure early restitution to investors.

Also in the document

• The NCLT, Mumbai, sanctioned the Scheme of Arrangement on 28.11.2025, which was approved by over 92% of creditors and assures a minimum recovery of about 42% of verified claims.
• The NCLAT dismissed the appeal against the sanction on 15.01.2026, and the Supreme Court dismissed the challenge and directed speedy implementation on 13.04.2026.
• The case originated from a payment default in 2013 affecting about 13,000 investors with outstanding dues of around ₹5,600 crore.
• The ED has issued 35 Provisional Attachment Orders attaching assets of about ₹3,464.03 crore and filed Prosecution Complaints before the Special Court.
• Previously, on the direction of a Supreme Court-appointed Committee, the ED placed shares and profits worth about ₹17.47 crore for distribution to investors.