Releasing pay-in obligations of 39 clients through 24 members, troubled National Spot Exchange (NSEl) today said Ahmedabad-based NK Proteins is the biggest defaulter with net dues of Rs969.89 crore at members level.
The net outstanding includes dues to the tune of Rs419.30 crore to its clients Darshan Baldevbhai Patel and Rs634.24 crore to Tirupati Retail (India).
The exchange today announced client-wise pay-in obligations of 39 clients through 24 buyer members.
Among other members, Shree Radhey Trading has net outstanding of Rs34.64 crore, PD Agroprocessors Rs637.55 crore, Swastik Overseas Rs100.88 crore, Aastha Minmet India Rs23.87 crore, Namdhari Food International Rs51.07 crore, Whitewater Foods Rs84.87 crore, ARK Imports Rs719.42 crore, Vimladevi Agrotech Rs14.02 crore, Namdhari Rice and General Mills Rs10.45 crore, the release said.
Other players, including lotus Refineries, has the net outstanding of Rs252.56 crore, NCS Sugars Rs58.85 crore, MSR Food Processing Rs9.15 crore, Sankhya Investments Rs6.61 crore, Yathuri Associates Rs424.64 crore, lOIl Overseas Foods Rs85.19 crore, lOIl Continental Food Rs338.40 crore, lOIl Health Foods Rs287.48 crore, Mohan India Rs575.08 crore, Spin Cot Textiles Rs38.26 crore, Topworth Steels & Power Rs159.96 crore, Metkore Alloys & Industries Rs98.08 crore, Tavishi Enterprises Rs333.01 crore and Juggernaut Projects Rs219.20 crore, the statement said.
Meanwhile, the exchange said it has collected only Rs80 lakh today from its members and clients against the third scheduled payout of Rs174.72 crore, due on September 4.
Of 24 members, only two members have paid a total of Rs80 lakh today, according to an update from the exchange.
Crisis-ridden NSEl had announced a seven-month plan to settle the dues to investors.
The beleaguered bourse has already defaulted in the last two pay-outs as it could garner only Rs92.73 crore in the first pay-out and Rs12.05 crore in the second pay-out, out of the scheduled Rs174.72 crore each.
There are 24 buyers/members which have to pay Rs5,600 crore to the spot exchange for settling dues to investors.
Meanwhile, NSEl declared ten more members (buyers) who failed to pay their dues on the second day of settlement on August 27 as ‘defaulters’, following directives from the commodity market regulator FMC.
NSEl, promoted by Jignesh Shah-led Financial Technologies (India) ltd, is facing the problem of settling Rs5,600 crore dues to 148 members/brokers, representing 13,000 investor clients, after it suspended trade on July 31 on the Government direction.