63 Moons agrees to one-time settlement of Rs 1,950 crore in NSEL matter

Technology firm 63 Moons has reached a settlement agreement with investors of the National Spot Exchange (NSEL) in the 2013 NSEL payments crisis case. The company will pay Rs 1,950 crore as a one-time settlement to resolve the matter.

According to the NSEL Investors Forum, the terms of the agreement stipulate that 63 Moons will make the payment as a full and final settlement to the investors. In return, the investors will assign their claims against defaulters and other parties to 63 Moons.