NSEL case: Bombay HC grants relief to small investors, orders payout

Small investors, who were stuck in the Rs 5,600 crore payment default case in 2013 involving the NSEL, are now likely to get their dues. The court has ordered a payout to 6,445 depositors with outstanding dues between Rs 2 lakh and Rs 10 lakh. 

The Bombay High Court on Tuesday provided relief to small investors who were impacted by the National Spot Exchange Limited (NSEL) scam. Small investors, who were stuck in the Rs 5,600 crore payment default case in 2013 involving the NSEL, are now likely to get their dues. The court has ordered a payout to 6,445 depositors with outstanding dues between Rs 2 lakh and Rs 10 lakh. "The beneficial nature of legislation to protect the interest of small investors has to be taken into consideration because it is generally small depositors who are at the receiving end in such scams," said the bench of Justices SS Shinde and Manish Pitale while pronouncing the 35-page judgement in the case.