#paclrefund #pacl #paclindialimited #today_pacl_news
PACL (Pearl Agrotech Corporation Limited) was a prominent Indian real estate company involved in a major financial scam. The company had allegedly collected billions of rupees from millions of investors through a collective investment scheme, promising exorbitant returns. However, the company failed to fulfill its promises, and the scheme was eventually exposed as a fraud.
Key points related to PACL:
SEBI Investigation: The Securities and Exchange Board of India (SEBI) launched an investigation into PACL's activities and found the company guilty of fraudulent practices.
Investor Losses: Countless investors suffered significant financial losses due to PACL's fraudulent scheme.
Legal Actions: The government and law enforcement agencies took legal action against PACL and its promoters.
Refund Efforts: SEBI has been working to recover assets and distribute them to affected investors.
For the most recent and detailed information on PACL, I recommend visiting the following sources:
SEBI's Official Website: [ Ссылка ]
Financial News Outlets: Reputable financial news websites often cover updates on PACL-related developments.
Please note that the situation with PACL is ongoing, and there may be new developments or announcements.
"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 [ Ссылка ] 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 [ Ссылка ] and rectify the deficiencies, if any.
The above facility will be available to investors/applicants from March 14, 2024 to June 13, 2024."
