63 Moons has announced a board meeting on approving a Scheme of Arrangement with National Spot Exchange Limited (NSEL) and its creditors. The one-time settlement, supported by over 91% of traders by value, will facilitate Rs. 1,950 Cr payments to 5,682 traders, resolving long-standing legal disputes and transferring traders’ rights to 63 Moons. This is a significant move toward resolving the NSEL payment crisis dating back to 2013, reinforcing 63 Moons’ commitment to settling outstanding issues and aiding affected traders.