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NSEL gets Rs4.58 cr against Rs174.72 cr payable today

Members of crisis-hit National Spot Exchange Ltd (NSEL) have paid just Rs 4.58 crore so far as against the scheduled payment of Rs 174.72 crore, raising the possibility of the fifth straight default on Tuesday.
According to the NSEL data, four members out of 24 have paid in Rs 4.58 crore as on Monday to the bourse, against the the pay-out requirement of Rs 174.72 crore on Tuesday.

The four members include N K Proteins (Rs 2.1 crore), Sankhya Investments (Rs 1.4 crore), White Water Foods (Rs 58 lakhs) and Metkore Alloys & Industries (Rs 50 lakh).

The beleaguered NSEL has already defaulted in the last four pay-outs as it could gather only Rs 92.73 crore in the first pay-out (20 August), Rs 12.05 crore in the second pay-out (27 August), Rs 15.37 crore in third pay-out (3 September) and Rs 7.77 crore in the fourth pay-out (10 September), out of the scheduled Rs 174.72 crore each.
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