Thousands of desperate investors, who have lost money in PACL Ltd are pleading for an extension of time to submit their refund claims. PACL (or Pearls) is one of the largest Ponzi schemes in India which had been allowed to run for decades amassing over Rs49,000 crore.
Following...
The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has decided to extend the last date for receiving claim applications till 31 July 2019.
In a release, market regulator Securities and Exchange Board of India (SEBI) said, "...in view of representations received,...
Market regulator Securities and Exchange Board of India (SEBI) had said the Justice RM Lodha Committee has decided to allow investors to file claims for PACL Ltd. The claim application for refund from PACL can be filed till 30 April 2019.
SEBI has created a separate website for...
Market regulator Securities and Exchange Board of India (SEBI) has said the Justice RM Lodha Committee has decided to allow investors to file claims for PACL Ltd.
In a statement, SEBI says, "The Committee has now decided to receive claims from all investors having outstanding claims...
The Securities and Exchange Board of India (SEBI) has disclosed details of 29,000 properties of PACL, the massive ponzi scheme that went bust. These details, says SEBI in a press release issued today, are available on the website www.auctionpacl.com .
SEBI has now received details...
