Refiner files Rs 2,773-cr suit against NSEL in HC

Lotus Refineries on Monday filed a claim suit worth Rs 2,773.29 crore against National Spot Exchange Limited (NSEL) in the Bombay High Court for goods lying in various warehouses of the troubled commodity exchange.

"The claim amount has been arrived at based on pending goods to be delivered to Lotus Refineries by NSEL, worth Rs 2,640.79 crore with interest thereon at the rate of 18 per cent per annum from the date hereof till payments and/or realisation," a company statement said here.

NSEL officials were not available for comment.