India Supreme Court Dismisses MMTC Appeal Over NSEL Settlement Scheme
The court dismissed MMTC’s challenge to approval of NSEL’s 1,950-crore scheme to settle claims by creditors and traders affected by the exchange’s 2013 payment crisis.
Indu Bhan, New Delhi: The Supreme Court on Tuesday dismissed state-run trading company MMTC’s appeal against approval of National Spot Exchange (NSEL)’s 1,950 crore scheme to settle claims by creditors and traders affected by the exchange’s 2013 payment crisis. The bench was led by Justice PS N…