Bagri said, "Efforts need to be on recovery of money from the defaulters. The attached assets (of defaulters) need to be sold as soon as possible, and the proceeds need to be distributed among investors."
While hearing the petition of 63 Moons, promoter of NSEL, Mumbai HC had questioned why brokers’ assets were not being attached.
Brokers had pitched that they were not party to the petition, and, hence, they were moving court. The hearing was on February 8.
NSEL, on the other hand, has moved court, asking the EOW to file final charge sheets in the case as early as possible. Its case will be heard on January 7. Eow had filed charge sheets against 63 entities last week.