63 Moons Technologies shares climbed 8.63% to ₹920.15 following the MPID Court's approval of asset release for the National Spot Exchange (NSEL) settlement. According to reports from Business Standard, the MPID Court, Mumbai, approved the release of attached assets to facilitate the One-Time Settlement (OTS) between NSEL and specified creditors. The court allowed one of the company's applications and directed the cancellation of attachment of certain assets covered under a 19 September 2018 notification.
The settlement aims to resolve long-pending claims arising from the 2013 NSEL payment crisis, which involved a payment default of about ₹5,600 crore after irregularities in commodity contracts came to light. As reported by Business Standard, the National Company Law Tribunal (NCLT), Mumbai, approved the scheme in November 2025 after more than 90% of eligible creditors voted in its favour. Under the scheme, 63 Moons will pay ₹1,950 crore to 5,682 specified creditors in full and final settlement of their claims.
The company stated it is obtaining approvals from various courts and forums to implement the scheme, with more asset release orders expected in the coming months. According to Business Standard, these additional approvals would help complete the execution of the One-Time Settlement. The MPID Court, constituted under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, oversees assets attached under the Act.
63 Moons Technologies, formerly known as Financial Technologies India, develops software and infrastructure solutions for financial markets and digital platforms. As reported by Business Standard, the company's consolidated net profit surged 104.55% to ₹22.50 crore while net sales soared 884.05% to ₹133.24 crore in Q4 March 2026 over Q4 March 2025. The release is subject to conditions specified in the order for implementing the settlement scheme.
