Releasing pay-in obligations of 39 clients through 24 members, troubled National Spot Exchange (NSEL) today said Ahmedabad-based NK Proteins is the biggest defaulter with net dues of Rs 969.89 crore at members level.
The net outstanding includes dues to the tune of Rs 419.30 crore to its clients Darshan Baldevbhai Patel and Rs 634.24 crore to Tirupati Retail (India). The exchange today announced client-wise pay-in obligations of 39 clients through 24 buyer members.
Among other members, Shree Radhey Trading has net outstanding of Rs 34.64 crore, PD Agroprocessors Rs 637.55 crore, Swastik Overseas Rs 100.88 crore, Aastha Minmet India Rs 23.87 crore, Namdhari Food International Rs 51.07 crore, Whitewater Foods Rs 84.87 crore, ARK Imports 719.42 crore, Vimladevi Agrotech Rs 14.02 crore, Namdhari Rice and General Mills Rs 10.45 crore, the release said.
Other players, including Lotus Refineries, has the net outstanding of Rs 252.56 crore, NCS Sugars Rs 58.85 crore, MSR Food Processing Rs 9.15 crore, Sankhya Investments Rs 6.61 crore, Yathuri Associates Rs 424.64 crore, LOIL Overseas Foods Rs 85.19 crore, LOIL Continental Food Rs 338.40 crore, LOIL Health Foods Rs 287.48 crore, Mohan India Rs 575.08 crore, Spin Cot Textiles RS 38.26 crore, Topworth Steels & Power Rs 159.96 crore, Metkore Alloys & Industries Rs 98.08 crore, Tavishi Enterprises Rs 333.01 crore and Juggernaut Projects Rs 219.20 crore, the statement said.
Meanwhile, the exchange said it has collected only Rs 80 lakh today from its members and clients against the third scheduled payout of Rs 174.72 crore, due on September 4.
Of 24 members, only two members have paid a total of Rs 80 lakh today, according to an update from the exchange.
Crisis-ridden NSEL had announced a seven-month plan to settle the dues to investors.
The beleaguered bourse has already defaulted in the last two pay-outs as it could garner only Rs 92.73 crore in the first pay-out and Rs 12.05 crore in the second pay-out, out of the scheduled Rs 174.72 crore each.
There are 24 buyers/members which have to pay Rs 5,600 crore to the spot exchange for settling dues to investors.
Meanwhile, NSEL declared ten more members (buyers) who