National Spot Exchange-logo
 
REASONS WHY NSEL IS FIGHTING AGAINST BIAS AND INJUSTICE
 
Details of Decrees obtained by NSEL against defaulters by BHC
Sr. No Name of Defaulter Amount (in Cr.) Order Date
1 ARK IMPORTS PVT LTD 719.37 20/07/2015
2 YATHURI ASSOCIATES 264.96 18/12/2014
3 JUGGERNAUT PROJECTS LTD. 145.00 23/12/2014
4 AASTHA MINMET INDIA PVT LTD. 12.50 23/12/2014
5 SWASTIK OVERSEAS CORPORATION 91.19 18/12/2014
  TOTAL: Rs. 1233.02  
Details of Decrees obtained after determination of liability by HCC
Sr. No Name of Defaulter Amount (in Cr.) Order Date
1 P.D. AGRO PROCESSOR PVT. LTD. 633.75 16/08/2018
2 YATHURI ASSOCIATES 134.64 30/07/2018
3 WHITE WATER FOODS PVT LTD 84.82 23/07/2018
4 MSR FOOD PROCESSING 8.82 30/07/2018
  TOTAL: Rs. 861.82  
 
Details of Arbitration / Conciliation award obtained by NSEL against defaulters
Sr. No Name of Defaulter Amount (in Cr.) Order Date
1 MOHAN INDIA PVT LTD 922.00 01/11/2018
2 LOTUS REFINERIES PVT LTD 252.47 21/09/2018
3 NCS SUGARS LIMITED 58.85 26/03/2018
4 SPIN COT TEXTILES PVT LTD 36.63 26/03/2018
  TOTAL: Rs. 1269.95  
 
Details of Amount Crystallised by HCC and accepted by Hon'ble court against defaulters
Sr. No Name of Defaulter Amount (in Cr.) Order Date
1 NAMDHARI FOOD INT. PVT LTD 51.02 27/02/2017
2 NAMDHARI RICE & GENERAL MILLS 10.39 27/02/2017
  TOTAL: Rs. 61.41  
Details of Amount Crystallised by HCC and pending acceptance by Hon'ble court against defaulters
Sr. No Name of Defaulter Amount (in Cr.) Order Date
1 LOIL CONTINENTAL FOOD LTD 320.02 26/04/2018 & 30/07/2018
2 LOIL HEALTH FOODS LTD 265.87 26/04/2018
3 LOIL OVERSEAS FOODS LTD 77.24 26/04/2018
4 AASTHA MINMET INDIA PVT LTD 75.57 26/12/2018
5 METKORE ALLOYS & INDUSRIES LTD 83.46 14/09/2018
6 SHREE RADHEY TRADING CO 32.77 30/03/2019
7 VIMLADEVI AGROTECH LIMITED 13.72 08/10/2018
  TOTAL: Rs. 868.65  
 
High Court Committee Calendar
Click here for upcoming high court committee meetings
   
 
About National Spot Exchange Limited (NSEL)
 
National Spot Exchange Limited (NSEL), was incorporated in May 2005 as a spot exchange for trading in commodities. Central Government by a notification dated June 7, 2007 had granted an exemption u/s 27 of the Forward Contracts Regulation Act (FCRA), to NSEL from complying with all the provisions of the FCRA subject to certain conditions. In October 2008, NSEL commenced operations providing an electronic trading platform to willing participants for spot trading of commodities, such as bullion, agricultural produce, metals, etc. Like NSE and BSE, NSEL has its registered trading members, commonly referred to as brokers, who execute commodity trades on the NSEL platform on behalf of and in accordance with the instructions of their respective clients across India. The trading operations of NSEL was suspended with effect from August 6, 2013, only after a notification dated September 19, 2014, when the Central Government withdrew the gazette notification dated June 5, 2007.
 
more >>
 
e-Series Rematerialization & Financial Closure

National Spot Exchange Limited (NSEL) has received ‘No Objection’ from Forward Markets Commission to proceed with the process of Rematerialization and Financial Closure of e-Series. Pursuant to this, NSEL has issued the circular no. NSEL/DP/2014/014 dated April 04, 2014.

e-Series unit holders who intend to rematerialize their holdings can follow the process as detailed in the above circular. Unit holders may kindly note that this process of rematerialization is different from the earlier process of Surrender Request (SRF) which has been since discontinued. The process of rematerialization shall be possible only for such unit holders whose holdings match or exceed the exact denomination of the underlying metal. Hence, it is strongly advised to verify the same from the latest stock report before initiating the process.
more >>
 
 
 
 
 
more >>
NSEL Recovery Group
 
  Important Updates
 
Exchange Member Interface: Login
 
Bloomberg TV – October 21, 2015 : Panel Discussion featuring Mr. Prakash Chaturvedi, Chief Executive Officer, NSEL
Zee Business – October 21, 2015 : Panel Discussion featuring Mr. Prakash Chaturvedi, Chief Executive Officer, NSEL
Zee Business – July 29, 2015 : Exclusive Interview of Mr. Prakash Chaturvedi, Chief Executive Officer, NSEL
ET Now - Hot Commodities – July 22, 2015 : Exclusive Interview of Mr. Prakash Chaturvedi, Chief Executive Officer, NSEL
more >>
 
 
 
Important Links :   E-Series Stock Details   Exchange Circulars