NSEL asks banks to disburse Rs 11 crore to investors

National Spot Exchange Ltd (NSEL) today in a press release stated that a payment of Rs 11 crore which was made by Mohan India, the fourth largest defaulter on November 2, has asked banks to disburse the money to investors after getting the permission to do so by FMC on 19 December.

The release also stated that the disbursal of the money will be done proportionately to investors who have receivable amounts against their unsettled obligations.