Salil Maaru, 56, never thought he would be second time lucky with his investment made through National Spot Exchange. On the advice of his stock broker, Maaru made his first investment in 2008 and booked a huge profit in 2012.

Brimming with confidence, along with the money saved for his son’s higher education, he collected funds from his family members to invest in NSEL products again in 2012-end; but this time his hopes were dashed when the spot exchange was shut down in July 2013.

“I never thought exchanges could be shut down abruptly. Even then I was confident that they would recover the money by selling the goods stored in the warehouse, since I was getting regular updates on the value of goods stored in my name,” he said.

Maaru is relieved that he has been asked to submit proof of

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