The Forward Markets Commission (FMC) has on Tuesday approved the disbursement of payouts of Indian Bullion Markets Association (IBMA) for settlements 15th to 19th and the special payout (money received from Mohan India) directly from the NSEL escrow account amounting to Rs 10.06 crore, a statement from NSEL said.
Further, the FMC has also allowed all future payments of IBMA to be disbursed directly from NSEL. The payouts shall be released with immediate effect. NSEL has received Rs 20.40 crore as on December 30 for 20th payout scheduled today.
