NCLAT Dismisses Nirtex Appeal Against NSEL Settlement Scheme

NCLAT dismisses Nirtex Exports' appeal challenging the NCLT-approved ₹1950 crore NSEL settlement scheme.
The scheme mandates creditors release consenting brokers and assign all claims to 63 Moons Technologies Ltd.
Appellants, to receive ~42% of claims, objected to clauses forcing withdrawal of civil suits against brokers.
Tribunal upholds scheme as legally valid, citing its prior affirmation by the Supreme Court on merits.