The Justice (Retd.) R.M. Lodha Committee in the matter of PACL Ltd (“the “Committee) 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. Securities and Exchange Board of India (CA No. 13301/2015) and other connected matters under the chairmanship of Justice (Retd) R.M. Lodha. The mandate of the Committee is to sell the properties of PACL Ltd and use the sale proceeds to refund the investors who had invested their money in PACL Ltd.

As on March, 2026, the Committee has effected refund in respect of 35,74,401 eligible applications aggregating to a total disbursal of Rs.3720.67 Crore.