New Delhi, Feb. 19 -- The board of 63 Moons Technologies Ltd, the parent of defunct National Spot Exchange Ltd (NSEL), has approved a one-time settlement even as differences among investors seeking to recoup their money for more than a decade ago could the outcome.

"The Board of Directors in its meeting of 18 February approved the participation and support of the Company to the Scheme of Arrangement between NSEL and the Traders," 63 Moons said in a filing.

The approval will involve two key steps: the closure of ongoing legal proceedings against 63 Moons; and the assignment of all claims and rights from NSEL traders to the company. That will enable 63 Moons to claim recoveries from defaulters, either through court decrees or asset liquid...