NSEL promoter firm Financial Technologies has repaid $76 million of foreign currency and External Commercial Borrowings (ECB) loans on Thursday. The company, back in August remitted $110 million to overseas arm. Further, the company would repay $14 million to various lenders in next few days.
National Spot Exchange (NSEL), promoted by FTIL, is facing deep payment crisis after it shut down operation following government direction. The bourse has already defaulted four times so far on the scheduled pay out and has been able to settle only Rs. 128 crore out of Rs 5,600 crore outstanding to the 13,000 investors.
