The National Spot Exchange Limited (NSEL) default case is one of the most controversial financial scams that rocked the Indian stock market in 2013. The case involved a default of over Rs. 5,500 crore by 24 commodity brokers, who were trading in commodities through the exchange. The default resulted in a major outcry by investors, who lost their money and trust in the system. This blog post aims to provide a comprehensive understanding of the NSEL Default case, including its background, key players, and FAQs.