India, Oct. 11 -- More than 13 years after the Rs.5,600-crore National Spot Exchange Limited (NSEL) payment default left thousands of traders awaiting their dues, a special court has directed the Enforcement Directorate (ED) to monetise attached assets worth Rs.1,950 crore to facilitate restitution under an approved settlement scheme.

The restitution is to be carried out through National Spot Exchange Limited's (NSEL) parent company, 63 Moons Technologies Ltd, which is the assignee of the specified creditors and investors, as and when the assets are monetised, according to the Prevention of Money Laundering Act (PMLA) court's order passed on Thursday.

The court said the direction was in accordance with the one-time settlement scheme app...