The largest defaulter to the National Spot Exchange Limited (NSEL), NK Proteins has offered to pay Rs 275 crore as settlement to the debt-ridden spot exchange.
National Spot Exchange Ltd (NSEL), which is facing the problem of settling Rs 5,600 crore payment after it shut down operations upon the government direction, has declared 19 entities as defaulters.
NK proteins has offered to pay Rs 25 crore upfront and 5 crores every month. Also read: NSEL: Forensic auditor for e-series contracts appointed
The company owes about Rs 964 crore to NSEL, and its MD Nilesh Patel is in police custody.
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