New Delhi : Crisis-hit NSEL has decided to liquidate assets of two defaulters – Mohan India Group and Vimladevi Agrotech, who together owe around Rs 913 crore.

 The development comes following the order issued in August 2013 by the regulator FMC, which is monitoring recovery of dues of about Rs 5,600 crore at National Spot Exchange Ltd (NSEL).          “To accelerate recovery, NSEL has started the process of liquidation of attached assets of defaulting borrowers. As a first step, assets of Mohan India Group and Vimladevi Agrotech will be liquidated to recover dues,” an NSEL official said.

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