The Justice (Retd.) R.M. Lodha Committee was formed by the Securities and Exchange Board of India (“SEBI”) in compliance with the order passed by the Hon’ble Supreme Court of India on February 2, 2016. The committee was established to deal with the matter of PACL Ltd., as well as other related issues under the chairmanship of Justice (Retd) R.M. Lodha. The committee’s main objective is to sell the properties of PACL Ltd and use the sale proceeds to refund the investors who have invested their money in PACL Ltd.
As of today, the committee has made successful payments to eligible applications with a claim amount of up to Rs. 19,000/-. However, some applications with claims up to Rs. 19,000/- were unable to be processed due to one or more deficiencies.
The Committee has set up a system to enable investors and applicants to check the status of their claim applications at https://www.sebipaclrefund.co.in. If there are any deficiencies in the application, investors and applicants with claims between Rs. 15,000/- to Rs. 17,000/- will have the opportunity to rectify them between June 15, 2023, and September 14, 2023.
The Committee is now offering a similar opportunity to investors/applicants with claims up to Rs. 19000/-, starting on March 14, 2024.
Investors/applicants with claims up to Rs. 19,000/- should check the status of their claim applications online at https://www.sebipaclrefund.co.in and rectify any deficiencies.
The facility will be available for investors from March 14 to June 13, 2024.