Crisis-ridden bourse NSEl on Tuesday paid about Rs12.64 crore against the scheduled payment amount of Rs174.72 crore, defaulting for the 19th straight time.
With today’s pay-out, NSEl has so far settled about Rs276.14 crore against about Rs5,600 crore dues to 13,000 investors.
National Spot Exchange ltd (NSEl), which is engulfed in a payment crisis, had previously defaulted for 18 times. On its seventh pay-out date and thirteenth pay-out date, the spot commodity bourse was unable to make any payment.
“The total amount being disbursed today is around Rs 12.64 crore,” an NSEl spokesperson said.
The exchange received Rs8.20 crore from Topworth Steels and Power, Rs2.10 crore from N K proteins, Rs1.84 crore from Mohan India, Rs0.50 crore from NCS Sugars and while 19 of other investors have defaulted, he added.
NSEl had availed a bridge loan of Rs177.23 crore from its promoter Financial Technologies (FTIl) to make payments on a priority basis.