Are you able to get the collet nut off the spindle shaft but unable to remove the collet.
The only reason I can see that they collet froze up or seized is from heat which means the bit or collet came loose inside spindle shaft ( probably destroyed the grommet)
If it were mine I get the collet out of shaft once out you could clean shaft pocket and replace collet
The only reason I can see that they collet froze up or seized is from heat which means the bit or collet came loose inside spindle shaft ( probably destroyed the grommet)
If it were mine I get the collet out of shaft once out you could clean shaft pocket and replace collet