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

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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. Securities and Exchange Board of India (CA No. 13301/2015) 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 amount upto Rs. 19,000/-. However, certain applications having claims upto Rs. 19,000/- could not be processed further on account of one or more deficiencies.

The Committee had earlier, provided a facility for investors/applicants to check the status of their claim applications online on https://www.sebipaclrefund.co.in and rectify deficiencies, if any. The Committee has provided such opportunity to investors/applicants with claims between Rs. 15,000/- to Rs. 17,000/- to rectify deficiencies, if any, in their respective claim applications between June 15, 2023 and September 14, 2023.

The Committee is now providing a similar opportunity from March 14, 2024 to investors/applicants with claims upto Rs. 19000/-.

Accordingly, investors/applicants with claims upto Rs. 19,000/- are requested to check the status of their claim applications online on this website https://www.sebipaclrefund.co.in and rectify the deficiencies, if any.

The above facility will be available to investors/applicants from March 14, 2024 to June 13, 2024.