Refund to investors of PACL Ltd by Justice (Retd.) R.M. Lodha Committee (in the matter of PACL Ltd)


The Justice (Retd.) R. M. Lodha Committee (in the matter of PACL Ltd.) is a committee constituted by the Securities and Exchange Board of India (“SEBI”) pursuant to the order dated February 02,2016 passed by the Hon'ble Supreme Court of India and subsequent orders thereof in Subrata Bhattacharya V. SEBI (CA. No. 13301 of 2015) and other connected matters under the Chairmanship of Justice (Retd) R M Lodha for selling the properties of PACL Ltd and using the sale proceeds to refund the investors who have invested their money in PACL Ltd. (the "Committee").

As on date, the Committee has successfully effected payment in respect of eligible applications having claim upto Rs. 17.000/-.

The Committee has now decided to call for original PACL Registration Certificates from eligible investors with claims between Rs. 17,001/- and Rs. 19,000/-, whose applications have been successfully verified. Accordingly, intimation through SMS will be sent to all eligible investors, requiring them to submit original PACL Registration Certificates.

Investors of PACL Ltd., who receive such SMS from the Committee requiring submission of original certificates issued to them by PACL Ltd., are requested to forward the same by Registered / Speed Post to:.

SEBI Bhawan, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051 .

Investors should send only original PACL certificates in the envelope and Certificate Number should be written on top of the envelope. Only 1 (one) original PACL certificate should be enclosed per envelope.

The window for accepting original certificates shall remain open from October 01, 2023 to October 31, 2023.

Investors should ensure that original PACL Registration Certificates reach the address referred to in para 2 on or before 5:00 pm of October 31, 2023.

Further, investors are cautioned against parting with their original PACL Registration Certificates unless SMS is received from the Committee, requiring submission of Original Certificates.