3 more borrowers in settlement talks

Three large borrowers of the beleaguered National Spot Exchange Ltd (NSEL)-PD Agro (dues of Rs 644.55 crore), the Aastha Group (Rs 246.67 crore) and N K Proteins (Rs 969.89 crore)- are in settlement talks with the exchange.

The Economic Offences Wing of the Mumbai Police, which is investigating the Rs 5,574-crore payment crisis at the exchange, was in the know of the development, said an EOW official. The Mumbai Police said representatives of these borrowers continued to be interrogated.

On Thursday, the EOW summoned broker Nirmal Bang Commodities for interrogation. The next set of brokers summoned by EOW comprises Geojit Comtrade and Systematix Commodities. Police scrutiny of data from NSEL servers was underway, the official said.

A police official said the EOW had submitted a list of assets frozen in the case to the collector, the first step towards securing court permission to auction those properties.