The National Stock Exchange has withdrawn its Rs 100-crore defamation case against Moneylife magazine and its founders Debashis Basu and Sucheta Dalal, for publishing a whistleblower’s letter that alleged the bourse had given unfair advantage to high-frequency traders.

NSE paid Rs 1.5 lakh each to the two founders, and Rs 47 lakh to two charitable trusts, as ordered earlier by the Bombay High Court bench led by Justice Gautam Patel, said a press release by Moneylife. The NSE confirmed the development to BloombergQuint but declined to comment further.

The move to withdraw the suit comes less than two months after the India’s largest stock exchange, under its new Managing Director and Chief Executive Officer Vikram Limaye, filed a consent plea with the market regulator to settle the co-location probe which has delayed its Rs 10,000-crore initial public offering. The investigation was launched by the Securities Exchange Board of India in 2015, and gathered pace in recent months.