To: kvthomas@asia.com, chairman.fmc@nic.in, nselinvforum@nselinvforum.com
The default of NSEL to pay out weekly installments promised as per settlement plan has become a joke and not only NSEL but India's enforcement /regulatory agencies are being subjected to worldwide ridicule.
Please be kind enough to answer.
Cc:
secyca@fca.delhi.nic.in, jsrt-ca@msc.in, ecy-food@nic.in,
nutanraj.fmc@nic.in, usha.suresh@nic.in, dir1.fmc@nic.in,
usha.pol@nic.in, dharmarajan7fmc@gmail.com, dir2.fmc@nic.in,
supriya.d@nic.in, dir.enforcement.fmc@nic.in, atul.verma17@nic.in,
s.punglia@nic.in, sk.mohanty91@nic.in, dirit.mum.fmc@nic.in,
khullarrk@yahoo.com, jsrev@nic.in, mo@motilaloswal.com,
info@nationalspotexchange.com
Dear Shri Thomas and other FMC officers involved with NSEL settlement
This refers to FMC's letter No.7/3A/2010-MD-I Dated 21st August, 2013 to the board of NSEL wherein you have directed NSEL to auction the commodities lying in NSEL warehouses and to proceed to liquidate all realizable assets of the defaulter member/s to meet their pay-in obligations. You have also directed NSEL to bring to the notice of NSEL any deficiency being found in quality and quantity of stock lying with NSEL.
As an investor I would like to know what is the current status
of this directive and has NSEL complied with your directions. In case
of non-compliance please let the investors know what is your next plan
of action. We would also please like to know what is the action that is
being initiated against promoters/management of NSEL.This refers to FMC's letter No.7/3A/2010-MD-I Dated 21st August, 2013 to the board of NSEL wherein you have directed NSEL to auction the commodities lying in NSEL warehouses and to proceed to liquidate all realizable assets of the defaulter member/s to meet their pay-in obligations. You have also directed NSEL to bring to the notice of NSEL any deficiency being found in quality and quantity of stock lying with NSEL.
The default of NSEL to pay out weekly installments promised as per settlement plan has become a joke and not only NSEL but India's enforcement /regulatory agencies are being subjected to worldwide ridicule.
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