Sachin Pilot had indicated that they had sought an enquiry report from the Registrar of Companies and on the basis of that report, this inspection has been ordered under Section 209(A) of the Companies Act
The beleaguered NSEL has already defaulted in the first two pay-outs as it received only Rs 92.73 crore from members in the first pay-out and Rs 12.05 crore in the second pay-out, out of the scheduled Rs 174.72 crore each.
MCX Chairman Venkat Chary and five other directors on the commodity exchange board quit today. The development comes on the heels of NSEL defaulting on the second payout for settling Rs 5,600 crore dues after it suspended trade on July 31 following government's direction in the wake of violation of certain rules.