PMLA Court Greenlights Monetisation Of Rs 3,400 Crore NSEL Assets
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5 Articles
In the NSEL case, the PMLA court in Mumbai granted permission to sell ED's attached properties worth ₹3,464 crore. The first phase cleared the way for a settlement of ₹1,950 crore for 5,682 investors. Read the full story.
PMLA Court Greenlights Monetisation Of Rs 3,400 Crore NSEL Assets
A special PMLA court in Mumbai has allowed the monetisation of attached assets worth over Rs 3,400 crore in the National Spot Exchange Limited (NSEL)-linked money laundering case. This decision paves the way for the restitution of funds to thousands of investors who have been awaiting recovery for 13 years since the 2013 payment default. Up to Rs 1,950 crore from the monetisation will be paid to 63 Moons Technologies Ltd for specified creditors.
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NSEL case: Special court allows ED to monetise attached assets worth Rs 3,464 crore
Mumbai, Oct 12 (SocialNews.XYZ) A Special PMLA court here has allowed properties worth Rs 3,464 crore attached by the Directorate of Enforcement (ED) in the National Spot Exchange Limited (NSEL) case to be monetised and... - Social News XYZ
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