NSEL: 3 ignored queries throw up 3 investing lessons4 min read 20 Aug 2013, 08:02 PM IST
As the NSEL saga unfolds, it is clear that there is much pain to be lived through
Last week, the National Spot Exchange Ltd (NSEL) announced a repayment programme spread over 30 weeks. According to the NSEL website, not all defaulting parties have paid up. Moreover, a majority of those who have paid have done so only partially. As on 19 August, NSEL managed to collect only81.13 crore against the liability of 174.72 crore for the first payout due on on the next day.
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