NCLAT Dismisses MMTC Appeal Against NSEL Settlement Scheme

NCLAT dismisses MMTC's appeal, upholding NCLT-approved Rs. 31,950 crore settlement scheme for NSEL's 2013 default.
The scheme, backed by over 90% of creditors, was challenged on grounds of public interest and alleged recording errors.
The tribunal found no fraud in the NCLT order and noted the Supreme Court had already dismissed a related appeal.
The appeal was dismissed, affirming the scheme to settle claims from NSEL's 2013 payment default.