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About National Spot Exchange Limited (NSEL)
National Spot Exchange Limited (NSEL) , was incorporated in May 2005 as a spot exchange for trading in commodities. Central Government by a notification dated June 7, 2007 had granted an exemption u/s 27 of the Forward Contracts Regulation Act (FCRA), to NSEL from complying with all the provisions of the FCRA subject to certain conditions. In October 2008, NSEL commenced operations providing an electronic trading platform to willing participants for spot trading of commodities, such as bullion, agricultural produce, metals, etc. Like NSE and BSE, NSEL has its registered trading members, commonly referred to as brokers, who execute commodity trades on the NSEL platform on behalf of and in accordance with the instructions of their respective clients across India. The trading operations of NSEL was suspended with effect from August 6, 2013, only after a notification dated September 19, 2014, when the Central Government withdrew the gazette notification dated June 5, 2007.
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e-Series Rematerialization & Financial Closure
NSEL/DP/2014/014 latest stock report
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Important Updates
The Hon’ble Bombay High Court Order dated 18.02.2021 allowing sale of Civil Lines, Delhi property belonging to Mohan India Group
Defaulter, Mohan India Group, Property Auction Sale Notice dated 08th February 2021 by Deputy Collector and Competent Authority (NSEL)
Defaulter, Mohan India Group, Property Auction Sale Notice dated 04th January 2021 by Deputy Collector and Competent Authority (NSEL)
The Hon'ble Supreme Court order dt. 14.12.2020 dismissing the SLP, filed by DGM Developers Pvt. Ltd. owned by NSEL Defaulter – White Water Foods with regard to property situated at Shimla, Himachal Pradesh.
Hon’ble MPID court Order for bail cancellation of Mr. Kailash Aggarwal, Director of NSEL Defaulter – ARK Imports, on the ground of breach of condition.
Defaulters Property Auction Sale Notice dated 02nd September 2020 by Deputy Collector and Competent Authority (NSEL)
Public Notice Issued against NSEL Defaulter - ARK Imports Private Limited
Cops want NSEL case accused, Mr. Kailash Aggarwal of ARK Imports bail cancelled
NSEL scam Extradition plan to extradite Mr. Anubhav Aggarwal of ARK Imports sent to Centre
Rs. 5,600 Crs scam suspect, Mr. Anubhav Aggarwal of ARK Imports caught in Abu Dhabi
Defaulters Property Auction Sale Notice dated 17th August 2020 by Deputy Collector and Competent Authority (NSEL)
Defaulters Property Auction Sale Notice dated 03rd August 2020 by Deputy Collector and Competent Authority (NSEL)
Defaulters Property Auction Sale Notice dated 09th March 2020 by Deputy Collector and Competent Authority (NSEL)
Defaulters Property Auction Sale Notice dated 06th March 2020 by Deputy Collector and Competent Authority (NSEL)
Based on complaint filed by NSEL, the ICAI committee has found Auditor of Defaulter - Lotus Refineries, C.A. Devraj Mulchand Gala, guilty for not maintaining compliance with auditing standard. Order Awaited.
Order passed by Hon’ble Punjab & Haryana High Court, dismissing the no-coercive order taken by NSEL defaulters LOIL group and ARK imports
Defaulters Property Auction Sale Notice dated 15th January 2020 by Deputy Collector and Competent Authority (NSEL)
Defaulters Property Auction Sale Notice dated 01st
Delhi High Court via order dated 27.09.19 has granted injunction on the properties of the judgment debtors (Mohan India & 9 others) and have restrained them from alienating/disposing any of their properties directly or indirectly.
33rd M. M. Ballard Pier Court issued Bailable warrant against Mr. Gagan Suri of defaulter Yathuri Associates in Section 138 matter.
Withdrawal order dated 29-08-19 passed by Punjab & Haryana High Court against Genex Infratech & Genex Polyfab (Group companies of ARK Imports) Challenging the Government of Maharashtra Notification under MPID Act.
BHC Order dated 22nd August, 2019 stating that NSEL is not an Financial Establishment within the purview of the Maharashtra Protection of Interests of Depositors in Financial Establishments Act, 1999.
Supreme Court sets aside merger order of NSEL with 63 moons
Defaulters Property Auction Sale Notice dated 15th July 2019 by Deputy Collector and Competent Authority (NSEL)
Mohan India restrained from creating third party rights in respect of its properties by DHC in the execution petition filed by NSEL against the settlement award passed by BHC
Defaulters Property Auction Sale Notice dated 15th January 2019 by Deputy Collector and Competent Authority (NSEL)
Defaulters Property Auction Sale Notice dated 16th November 2018 by Deputy Collector and Competent Authority (NSEL)
Defaulters Property Auction Sale Notice dated 26th September 2018 by Deputy Collector and Competent Authority (NSEL)
Defaulters Property Auction Sale Notice dated 25th July 2018 by Deputy Collector and Competent Authority (NSEL)
MPID Court order – Rejection of application filed by Ms. Seema Sharma, w/o Mr. Arun Sharma, Lotus Refineries for defreezing the bank account with direction to the Competent Authority to return the amount laying in the said accounts. Defaulters Property Auction Sale Notice dated 16th May 2018 by Deputy Collector and Competent Authority (NSEL)
Punjab & Haryana High Court dismissed Criminal writ filed by White Water and PD Agro against Enforcement Directorate
Recovery Update as on February 2018
Category
Amount (Rs. Crs.)
NSEL Escrow Account
19.20
MPID
01.00
Total 20.20
MPID Court order - travel rejection of Mr. Mohit Singhal & Shilpa Singhal, Director and Promoter of Aastha Minmet Private Limited
MPID Court order for making the attachment absolute regarding the properties of Mohan India
Mohan India Property Auction Sale Notice by Deputy Collector and Competent Authority
(NSEL)
Swastik
Property
Auction
Sale
Notice
by
Deputy
Collector
and
Competent
Authority
(NSEL)
6 Orders
passed
by
Punjab &
Haryana
High
Court
dismissing
the Six
Writ
Petitions
on
jurisdiction
ground
filed by
White
Water
and LOIL
group
challenging
State of
Maharashtra
notification
MPID
Court
vide
order dt
18.07.17
has
allowed
EOW to
issue
NBW
against
Anubhav
Agarwal
Order
Dated
25th
July
2017
passed
by the
Hon'ble
Committee
in
respect
of P.D.
Agro
Processors
Pvt.
Ltd. &
Group of
Companies
Hon'ble
Highcourt
Committee
Meeting
Notice
MAHA
Govt-
appointment
of HDFC
for
valuation
The
government
of
Maharashtra
has
appointed
two full
time
separate
Competent
Authorities
under
the MPID
Act for
NSEL
only.
Attached
is the
G.R.
Dt.8th
May 2017
for
perusal
of all.
As per
HC order
Brizo
Realty
company
(Aastha
Minment
creditor)
has
deposited
Rs.
8,30,00,000/-
(Rs.
Eight
crores
Thirty
Lakhs
Only) in
the
Registry
on 6th
March,
2017
Court
Order -
Ranjeev
Aggarwal
of P D
Agro/Primezone
Developers
to be
arrested
for not
complying
with his
bail
condition.
Order
dated
16th
January,
2017
passed
by the
Hon'ble
Committee
on the
Application
of LOIL
group of
companies.
Order
Dt.
24th
January
passed
by
PMLA
Court
in
PMLA
Case
No.
4/16
thereby
issuing
the
process
against
ARK
Group
and
Genex
group
Narayan
Nageshwar
Rao
-
NCS
Sugars
Ltd.
Bail
Modification
Order
Order
passed
by
MPID
court
in
MA
160/2016
related
to
Mohan
India
property
sale
MPID
court
cancelled
bail
granted
to
Rajesh
Mehta
Swastik Property Auction Sale Notice
Red
Chilly
&
Black
Pepper
Auction
Sale
Notice
Mohan
India
Auction
Sale
Notice
HCC
order
dated
2nd
September
2014
prohibiting
NSEL
to
disburse
from
the
Escrow
account
List
of
assets
of
defaulters
attached
by
EOW
FMC’s
complaint
letter
against
Members
Ketan Shah's complaint against Motilal Oswal Wealth Management Pvt. Ltd. and Philip Commodities India Pvt. Ltd.
Letter
to NSEL
Aggrieved
and
Recovery
Association
(NAARA) , NSEL
Investor
Forum
(NIF) , NSEL
Investors
Action
Group
(NIAG) -
Request
for
finding
potential
buyers
for
immovable
assets
of
some
of
the
defaulters
of
NSEL
dated
13.08.2015.
Letter
to NSEL
Investor
Forum
(NIF) , NSEL
Aggrieved
and
Recovery
Association
(NAARA) , NSEL
Investors
Action
Group
(NIAG) regarding
Intervention
in
bail
applications
of
the
NSEL
defaulters
dated
13.08.2015.
NSEL
has
obtained
decrees
on Aastha
Minmet
India
Pvt.
Ltd ., Juggernaut
Projects
Ltd. , Swastik
Overseas
Corporation , Yathuri
Associates ,
and ARK
Imports
Pvt
Ltd. from
Bombay
HC
Notice
of
Motion
No.
998
of
2014
filed
by
Defendant
No.
20
(Primezone
Developers
Pvt.
Ltd.)
in
Notice
of
Motion
(L)
No.
807
of
2014 in
Suit
No.
781
of
2014
and
Affidavit
of
Mr.
Ranjeev
Agarwal,
Director,
Primezone
Developers
Pvt.
Ltd.
in
support
thereof.
Agreement
dated
2nd
April,
2014
between
Primezone
Developers
Pvt.
Ltd.
(“the
Indebtedness
Obliger”)
and
Mr.
Ram
Naresh
Saraf
(“the
Obligee”)
who
happens
to
be
the
father
of
Mr.
Pankaj
Saraf,
Complainant
against
NSEL
Letter
dated
3rd
June,
2015
addressed
to
Mr.
Arvind
Wadhankar,
Senior
Police
Inspector
(EOW)
and
Mr.
Dhananjay
Kamlakar,
Joint
Commissioner
of
Police
(EOW)
with respect
to
Primezone
Developers
Pvt.
Ltd.
and
Mr.
Ranjeev
Agarwal
Police
Custody
Remand
against
3
Brokers
Offers
are
invited
for
purchase
of
black
pepper
and
red
chilly
belonging
to
Shree
Radhey
Trading
Co.
stored
at
Shri
Krishna
Cold
Storage
and
Foods,
Janata
Road,
Hareti,
Saharanpur
247001,
UP.
Bids
invited
by
NSEL
for
sale
of
Ferrochrome
at
S.No.
64,
Ravivalasa
Village,
Tekkali,
District
Srikakulam,
AP
Sealed
Bids
are
invited
for
sale
of
TMT
Bars
of
Aastha
Minmet
India
Pvt.
Ltd.
located
at
Kurnool
dist.
,
Andhra
Pradesh
Sealed
bids
are
invited
for
sale
of
Land
of
Aastha
Minmet
India
Pvt.
Ltd.
situated
at
Cuttack,
Orissa
Sealed
bids
are
invited
for
sale
of
Land
of
Aastha
Minmet
India
Pvt.
Ltd.
situated
at
Rangareddy,
Telangana
HC
Committee
recommends
sale
of
goods
held
by
Metkore
Alloys
and
Namdhari
Group
Circular
-
Proforma
for
submitting
information
pertaining
to
National
Spot
Exchange
Ltd.
(NSEL)
Form
for
submitting
information
pertaining
to
NSEL
Details
of
Warehouse
Visit
by
Members
Details
of
NSEL
Members
acting
as
CnF
Agents
VIDEO
Bloomberg TV – October 21, 2015 : Panel Discussion featuring Mr. Prakash Chaturvedi, Chief Executive Officer, NSEL
Zee Business – October 21, 2015 : Panel Discussion featuring Mr. Prakash Chaturvedi, Chief Executive Officer, NSEL
Zee Business – July 29, 2015 : Exclusive Interview of Mr. Prakash Chaturvedi, Chief Executive Officer, NSEL
ET Now - Hot Commodities – July 22, 2015 : Exclusive Interview of Mr. Prakash Chaturvedi, Chief Executive Officer, NSEL
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