NSEL investors to protest before FTIL board on Friday

FTIL board meeting is scheduled for the same day later

On Friday, NSEL Investors’ Forum, the representative body of about 13,000 investors of the beleaguered National Spot Exchange Ltd (NSEL), will hold a peaceful dharna before FT Tower, the iconic Financial Technologies (FT) building here, seeking early clearance of dues.

An FT board meeting is also scheduled for Friday.

Meanwhile, a sessions court on Thursday extended the bail plea of Arun Kumar Sharma, chairman and managing director of Lotus Refineries, till December 6. City-based Lotus Refineries is the ninth-largest defaulter in the NSEL payment crisis, with a total payment obligation of Rs 252.56 crore. The bail plea of ex-NSEL official Jai Bahukhandi, who allegedly received kickbacks, is scheduled for hearing in the sessions court on November 29.