Shares of 63 Moons Technologies Ltd surged more than 18% on Friday following National Company Law Tribunal (NCLT), Mumbai, approval of the long-awaited one-time settlement scheme between National Spot Exchange Ltd (NSEL) and its specified creditors.

According to the filing, 92.81% of traders by number and 91.35% by value voted in favor of the settlement, which provides for a payment of ₹1,950 crore to 5,682 traders whose funds have been frozen since the 2013 NSEL payment crisis.

The approval represents a major milestone in resolving one of India’s most protracted market disputes. Under the scheme, traders will receive payments proportionate to their outstanding dues as of 31 July 2024, and all legal cases against the group will be closed, with rights assigned in favor of 63 Moons.

The company highlighted its critical role in bringing the matter to closure, noting that NSEL — backed by 63 Moons — had earlier disbursed ₹179 crore in August 2013 to over 7,000 small traders with dues below ₹10 lakh.

Neeraj Sharma, MD & CEO of NSEL, credited the present BJP government (Central & State) for its positive approach in resolving the stalled issue, which had remained unresolved during the previous administration. Sharad Kumar Saraf, Chairman of the NSEL Investors’ Forum, also welcomed the decision, thanking NSEL, 63 Moons, and government authorities for their efforts.

Following the announcement, shares of 63 Moons Technologies hit an intraday high of ₹931.40 and were trading at ₹923.40, up 18.17% on the NSE as of 2:21 pm.