Aastha Minmet the NSEL Defaulter

National Spot Exchange Limited was a well-established exchange platform until the day when the crisis surfaced. The Economic offences wing of Mumbai Police and Enforcement Directorate are investigating the case along with other investigating agencies. FTIL the parent company of the NSEL is also targeted for the same. The Brokers and Defaulters who are responsible for the actual money laundering are roaming scot-free where NSEL is targeted. Defaulter AasthaMinmet, Yathuri Associates, Namdhari Foods, White Water are some of the defaulters who are investigated by investigating agencies.

Aastha Minmet and Juggernaut Projects are among the major defaulters in the National Spot Exchange Limited case. MohitAggarwal, Managing Director of the Aastha Group. The group is alleged to have defaulted to the tune of Rs. 241.75 crore in the NSEL crisis. However the same was not taken on record.  Aastha was directed to file the VAT Returns and VAT payment challan with their affidavit. Apart from that amount upto 12.50 crore. Worth decrees are obtained with the help of NSEL recovery group.

NSEL brought to the notice of the HCC that MohitAgarwal was not cooperating with the proceedings of the Committee. Also it was observed that the MD of Aastha Minmet was absent at some of the HCC meetings earlier. HCC then directed that Mr. MohitAgarwal be present on the next dates of hearing and comply with the earlier directions and file the required documents.

There are other defaulters like Aastha Minmet who are spending their lives on the defaulted money of NSEL investors. Enforcement Directorate is considering freezing assets of some other defaulters for the recovery of NSEL money.