The NSEL Scam recovery process has moved forward after a special Prevention of Money Laundering Act court in Mumbai permitted the Enforcement Directorate to monetise attached assets valued at more than ₹3,400 crore. According to the supplied report, up to ₹1,950 crore from the proceeds may go towards a settlement arrangement involving 5,682 specified creditors whose claims were assigned to 63 Moons Technologies Limited. The court will consider the remaining assets separately. Actual payments will depend on implementation of the approved scheme, eligible claims and applicable court directions.
NSEL Scam Case Breakthrough as Mumbai Court Approves Monetisation of ₹3,400 Crore Assets
The special PMLA court has permitted the Enforcement Directorate to monetise attached assets worth more than ₹3,400 crore, of which up to ₹1,950 crore is for 5,682 specified creditors.
The process to monetise the assets of the NSEL scam has received a big boost after a special Prevention of Money Laundering Act (PMLA) court in Mumbai allowed the sale of attached assets worth over ₹3,400 crore in the National Spot Exchange Limited payment default case.
The Enforcement Directorate (ED) said on Monday, October 12, 2026, that it had developed the order and that the court had passed it on 8 October. The ruling could speed up recovery efforts for investors waiting for compensation after the 2013 payment default.
“The central agency has said it will pay up to ₹1,950 crore realised through monetisation to 63 Moons Technologies Limited, which is the assignee of 5,682 specified creditors and investors.
NSEL Scam Asset Monetisation and Investor Recovery
The special court has allowed the ED to monetise the attached properties and will decide on the remaining assets later. The order is a significant development in the long recovery process.
The ED has attached properties worth ₹3,464 crore in 35 attachment orders since registering its money laundering case in 2015. The PMLA provides for the return of assets to victims of financial crimes during or after the completion of a trial.
The agency called the latest order a big step toward restitution for investors who have waited 13 years for any recovery after a payment default in 2013.
But the decision to monetise the assets does not mean that all investors concerned will be compensated immediately. The distribution will be made subject to the carrying out of the approved scheme, admissible claims and the court’s orders.
₹1,950 Crore Settlement and NCLT Approval
The Mumbai bench of the National Company Law Tribunal (NCLT) had sanctioned a scheme of arrangement under the Companies Act for a one-time settlement of ₹1,950 crore in November 2025.
More than 92 per cent of the creditors voted in favour of the scheme, the ED said. It provides each creditor with a minimum recovery of about 42 per cent of its proven claims.
The payment mechanism is for 63 Moons Technologies Limited, to whom the claims of 5,682 specified creditors have been assigned. The latest court order allows the company to get proceeds from monetised assets up to ₹1,950 crore as such.
The special court will decide separately on the fate of the remaining assets. The final recovery process will therefore depend upon the implementation of the settlement and the handling of properties not covered by the immediate payment direction.
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MPID Act Coordination and the NSEL Payment Default
The ED said several properties are also attached under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act (MPID Act), popularly known. Monetisation will thus be done in consultation with the Competent Authority set up under that legislation.
The NSEL case traces its origins to an FIR registered by Mumbai Police at MRA Marg police station in 2013. The allegations included trading in commodities without real underlying stocks and a payment default involving some 13,000 investors.
The dues were pegged at Rs 5,600 crore, making it one of the major financial recovery cases involving commodity-market investors in India.
The allegations pertain to the payment default and should not be interpreted as determinations against all persons or entities associated with the exchange.
What Happens Next for NSEL Investors?
The ED stated that it has been committed to the seizure of assets in financial crime cases, prosecution of money laundering, and helping restitution to the eligible investors and claimants, in accordance with the law.
The priority is to carry out the monetisation process in coordination with the relevant authorities and decide on the remaining attached properties.
The order offers a potential path to relief for investors betting on a rebound, but timing and the eventual distribution still depend on execution. Sprouts News will follow the developments in the NSEL case and how it affects the creditors involved.
