Yash Management & Satellite is set to receive a sum of Rs 1.73 crore of Pending Contract from The National Spot Exchange (NSEL) as on August 05, 2013.
There is payment crisis going on in NSEL as the exchange offered a pair of contracts for which settlement was due in two days and a second for which settlement was due in 25-50 days. This allowed speculators to make financial returns without actually taking physical possession of commodities.
Yash Management & Satellite is a finance and investment company; and has diversified into nano-technology research and consultancy services through its division called Yashnanotech.
