PMLA court directs ED to monetise NSEL assets, distribute Rs 1,950 crore to 63 Moons under settlement scheme
In a decisive ruling, a special PMLA court has instructed the Enforcement Directorate to sell off properties involved in the NSEL payment default saga. This decision permits 63 Moons Technologies to make a claim of Rs 1,950 crore from the proceeds. However, the distribution of these funds hinges on the occurrence of a settlement trigger event, a process already endorsed by the Supreme Court for swift action.
Read the full report on The Economic Times
Story file
- Section
- Business
- Topics
- Courts & law, Crime & safety, Government schemes
- First reported by
- The Economic Times
- Reporter
- et bureau
- Published
- Sunday, 11 October 2026, 12:26 am IST
- Coverage
- One outlet so far
How this page works. The Headline Update lists this report from The Economic Times with a short summary and a link to the original. The original reporting and photograph belong to the publisher. Spotted an error in our summary? Tell our corrections desk.
