 Despite giving a detailed explanation, there was no communication from the Ministry's side for over a year and half.All said and done, the Ministry in a letter on July 12, 2013, pending legal advice, directed NSEL to halt launching of further and fresh contracts until further instruction from the concerned authority and to settle all existing contracts on the due dates.On August 4, 2013, the FMC Chairman Mr Ramesh Abhishek had a meeting with defaulters and Brokers at Hotel Trident at BKC in Mumbai.