Mumbai, July 31 -- The MPID Court, constituted under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, oversees assets attached under the Act. The settlement aims to resolve long-pending claims arising from the 2013 NSEL payment crisis. It involved a payment default of about Rs 5,600 crore after irregularities in commodity contracts came to light.

The court allowed one of the company's applications and directed the cancellation of the attachment of certain assets covered under a 19 September 2018 notification. The release is subject to conditions specified in the order for implementing the settlement scheme.

The National Company Law Tribunal (NCLT), Mumbai, approved the scheme in November 2025...