 "Miles to go..")
After six rounds of weekly pay-ins in a staggered settlement process, National Spot Exchange Ltd (NSEL) has managed to recover just Rs 159.69 crore from its 24 so-called borrowers. This amounts to just 15 per cent of the targeted Rs 1,048 crore supposed to have been realised, according to the bourse's settlement calendar. The sum recovered amounts to less than three per cent of the total outstanding dues of the exchange. Only one of the borrowers, Sankhya Investments, has made pay-ins during each of the six weeks. Sankhya and Topworth Steels are ahead of the schedule, having paid more than their dues, while three entities-Tavishi, Spincot Textiles and NCS Sugars- did not pay even a single instalment. Business Standard looks at the NSEL books for you:
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