New Delhi: The Enforcement Directorate (ED) on Monday said a special Prevention of Money Laundering Act (PMLA) court in Mumbai has permitted the monetisation of attached assets worth more than Rs 3,400 crore in connection with the National Spot Exchange Limited (NSEL) payment default-linked money laundering case.
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The court has also directed that up to Rs 1,950 crore realised from the monetisation be paid to 63 Moons Technologies Ltd, acting as the assignee of 5,682 specified creditors and investors, the central agency said. The fate of the remaining assets will be decided by the court at a later stage.
According to the ED, the special PMLA court passed the order on October 8, marking a significant step towards recovering dues for investors affected by the payment default.
The agency said it has attached properties worth Rs 3,464 crore through 35 orders since registering the money laundering case in 2015.
The PMLA provides for the restoration of assets to victims of financial crimes during or after the conclusion of a trial, subject to the applicable legal provisions.
In November 2025, the Mumbai bench of the National Company Law Tribunal (NCLT) approved a scheme of arrangement under the Companies Act, providing for a one-time settlement of Rs 1,950 crore.
The scheme was approved by more than 92 percent of the creditors and assures each of them a minimum recovery of around 42 percent of their verified claims, the ED said.
The agency added that several properties attached in the case are also covered under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, commonly known as the MPID Act. The monetisation process will, therefore, be carried out in consultation with the competent authority constituted under the state law.
The ED’s investigation stems from an FIR registered by Mumbai Police’s MRA Marg police station in 2013. The allegations relate to commodity trading without actual underlying stocks, followed by payment defaults that affected around 13,000 investors and left outstanding dues of Rs 5,600 crore.
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Describing the court’s order as a significant development, the ED said it would help advance the restitution process for investors who have been awaiting recovery since the 2013 payment default.
The agency reiterated its commitment to securing assets linked to financial crimes, prosecuting money laundering offences and facilitating the restoration of funds to eligible investors and claimants in accordance with the law.
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