NEW DELHI: Embattled spot commodity bourse NSEL has settled 330 crore, or 6 per cent of the amount due to investors since it suspended operations, missing its own deadline to clear payments.

The National Spot Exchange Ltd (NSEL), promoted by Jignesh Shah-led Financial Technologies (India) Ltd (FTIL), has been facing problems settling dues to 148 members after it suspended trade in July 2013 following a government order in the wake of violation of trading norms. The exchange paid 330.14 crore as of April 7, against about 5,500 crore owed to investors, according to NSEL data.

On its weekly payout, the exchange disbursed 50 lakh against the scheduled payment of 86.02 crore, defaulting for the 33rd straight time.The bourse had proposed to settle all dues amounting to Rs 5,574.31 crore in 30 weeks, according to a settlement schedule issued by NSEL on August 16. Starting August 20, it would pay Rs 174.72 crore each for the first 20 weeks, followed by 86.02 crore each in the subsequent 10 weeks, ending on March 11.

During this period, some members would settle their dues through the sale of commodities, fixed assets, land and other measures, amounting to 1,219.71 crore, NSEL had said. The exchange, which was unable to make any payment on its seventh and 13th payout dates, had taken a bridge loan of 177.23 crore from promoter FTIL to make payments on priority to small investors. NSEL has started the process of liquidating attached assets of defaulting borrowers to ensure payment of dues.