Since 2013 when NSEL crisis came to surface the recovery group was formed.
This group started working towards recovery efforts. Bombay HC by its order
dated September 2, 2014 appointed a three member fact finding committee to assist
it in settlement and recovery at the time of the intervention of this case. The
recovery group is functioning day and night for filing suits against all the
defaulters From time to time, it has been distributing, among clients. Since that day
NSEL has made determined efforts to affect recovery from the defaulters by
attaching their properties. These properties include Overseas and inland assets. It is
clearly stated that the efforts are constant and with intention of helping out
shareholders.
Recovery group is progressing day-by- day to ensure that clients receive the money
from the defaulters and the efforts are genuine as compared to any other defaults. It
has assertively followed up with various legal measures to speed-up recovery. The
group is also supporting the Economic Offences Wing of Mumbai police, in
investigating and freeze assets of the defaulters. It has extended all assistance
required for the Enforcement Directorate to attach assets pertaining to the
defaulters.
NSEL Recovery group is supporting from time to time informing the government,
regulators, and general public on the progress made in recovery. It has been also
dealing with misconceptions and rumors spread by certain vested interests to
interrupt development of continuous recovery and resolution.
This group started working towards recovery efforts. Bombay HC by its order
dated September 2, 2014 appointed a three member fact finding committee to assist
it in settlement and recovery at the time of the intervention of this case. The
recovery group is functioning day and night for filing suits against all the
defaulters From time to time, it has been distributing, among clients. Since that day
NSEL has made determined efforts to affect recovery from the defaulters by
attaching their properties. These properties include Overseas and inland assets. It is
clearly stated that the efforts are constant and with intention of helping out
shareholders.
Recovery group is progressing day-by- day to ensure that clients receive the money
from the defaulters and the efforts are genuine as compared to any other defaults. It
has assertively followed up with various legal measures to speed-up recovery. The
group is also supporting the Economic Offences Wing of Mumbai police, in
investigating and freeze assets of the defaulters. It has extended all assistance
required for the Enforcement Directorate to attach assets pertaining to the
defaulters.
NSEL Recovery group is supporting from time to time informing the government,
regulators, and general public on the progress made in recovery. It has been also
dealing with misconceptions and rumors spread by certain vested interests to
interrupt development of continuous recovery and resolution.
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