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Mumbai: National Spot Exchange Ltd (NSEL) was the first exchange to go bust in India, after a trading halt on 31 July 2013 led to a 5,574-crore payment crisis.

In the three years since then, there has been an overhaul of commodity market regulations.

However, investigators are still chasing the money and investors are yet to be fully compensated.

ABOUT THE AUTHOR
Jayshree P Upadhyay
Jayshree heads a team of reporters focussing on legal, regulatory, investigative stories. She has worked for over a decade, reporting on financial scams, legal stories and the intersection of corporate and regulatory issues. She is based in Mumbai and has previously worked with Business Standard, Mint, The Morning Context and Bloomberg TV India.
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Updated: 01 Aug 2016, 12:40 AM IST
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