New Delhi, May 20 -- An overwhelming majority of the affected traders have voted in favour of a proposed Rs.1,950 crore one-time settlement with the National Spot Exchange Ltd (NSEL), paving the way for potentially ending the 13-year-old payments crisis.

The settlement-filed by NSEL with the backing of its parent 63 Moons Technologies before the National Company Law Tribunal (NCLT)-received support from 92.81% (5,682 traders) of the traders by number and 91.35% by value, according to a statement by the exchange. The e-voting process concluded on 17 May.

NSEL's collapse in 2013 had left over 13,000 investors with claims amounting to Rs.5,600 crore. While some payouts have been made over the years, larger investors await final settlement....