MUMBAI, Nov. 29 -- The National Company Law Tribunal (NCLT) on Friday approved a one-time settlement between National Spot Exchange Limited (NSEL), the commodities exchange which collapsed in 2013 after a payments crisis, and 5,682 traders. As a result of the settlement , the traders would share a Rs.1,950 crore pay-out in proportion to their outstanding dues as on July 31, 2024, against closure of legal cases against the group with assignment of all rights of traders in favour of NSEL's parent company, NSEL said in a statement. In July 2013, NSEL defaulted on payments of around Rs.5,400 crore to investors. The Enforcement Directorate filed seven charge sheets against NSEL, various defaulters and broking entities, after an investigation bas...