NOTE: Last Date of Application is 30th April 2019

The PACL scam adding up to roughly Rs 49,100 crore is viewed as one of the greatest chit-fund of India. The fraud has influenced about 5.85 Crore Investors who are yet to get their cash. The organization was begun in 1982. For a long time, PACL and Pearls Golden Forest Limited(PGFL) raised funds from the poor on the appearance of offer and advancement of agricultural land. But no money was actually invested in land by the company.
People have been protesting to get their money back.
Investors of PACL who are seeking claims from the company can submit their applications to the panel headed by retired Justice R M Lodha till April 30, according to Sebi.

The committee was set up by markets regulator SEBI following a Supreme Court order for selling the properties of PACL and using the sale proceeds to refund the investors.
Regarding claim applications, the regulator said investors can access the website 'http:sebipaclrefund.co.in/'
In this video you can learn how to apply for the refund on the online portal.

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