NSEL Case: Mumbai PMLA Court Directs ED To Monetise Attached Assets For ₹1,950 Crore Payment To 63 Moons Under Creditor Settlement Scheme

Mumbai: The Mumbai PMLA court has instructed the Enforcement Directorate (ED) to monetize attached properties in the NSEL payment default case and distribute the resulting Rs 1,950 crore to 63 Moons Technologies Ltd. The payment is contingent upon the occurrence of the Settlement Trigger Event defined in the court-approved settlement scheme.

63 Moons, originally known as Financial Technologies (India) Ltd, is accused as No. 73 in the PMLA case but is seeking the amount as assignee of specified creditors' and investors' claims under the settlement scheme. The application was filed by Harpreet Kaur Dang, an authorized representative of the affected creditors and investors.

The court allowed the application partly and directed the ED to proceed with monetizing the attached properties under the PMLA, in consultation with the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act authority. The amount will be distributed to 63 Moons from the sale proceeds of the properties, subject to the Settlement Trigger Event defined in the scheme approved by the National Company Law Tribunal (NCLT) on November 28, 2025.