NSEL Platform Users Traded Commodities, Not Investments; NSEL Not a Financial Establishment Under Maharashtra Act 1999.

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....The clients trading on the NSEL platform did not invest with the NSEL in form of Fixed Deposits, equity or debentures of NSEL but they traded commodities on the platform of NSEL. - NSEL is not an Financial Establishment within the purview of the Maharashtra Protection of Interests of Depositors in Financial Establishments Act, 1999.....