PACL
Moneylife Digital Team 28 May 2021
Market regulator Securities and Exchange Board of India (SEBI) ordered attachment of properties related to PACL Ltd in an illegal fundraising case as part of efforts to recover thousands of crores of investors’ money.

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Moneylife Digital Team 27 April 2021
As many as over 12.7 lakh investors of PACL Ltd, with a claim of up to Rs10,000 have received more than Rs438 crore, says market regulator Securities and Exchange Board of India (SEBI).

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Full Edition
Moneylife Online Magazine
Lead Article
COMPANIES & SECTORS
Sucheta Dalal , 30 September 2021
On 22nd September, there was a new twist to the Zee Entertainment Enterprises (ZEEL) drama when its board of directors granted in-principle approval to a merger with Sony Pictures Networks India (SPNI)

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Moneylife Digital Team 02 June 2020
The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has decided to allow investors or applicants with claims of up to Rs5,000 to rectify deficiencies found in their applications

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Moneylife Digital Team 15 April 2020
The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has initiated the process of payment to investors. Till date the Justice Lodha Committee has refunded money to over 8.31 lakh investors of PACL.

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Moneylife Digital Team 16 January 2020
Market regulator Securities and Exchange Board of India (SEBI) has warned investors of PACL Ltd not to respond from any mails sent by Sebirefunds.org.

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Several desperate investors, who have lost money in PACL Ltd are now receiving fraud messages about refunds that could dupe them all over again.

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Moneylife Digital Team 01 August 2019
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.

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Moneylife Digital Team 26 April 2019
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

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Moneylife Digital Team 13 February 2019
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.

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Moneylife Digital Team 11 February 2019
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

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Moneylife Digital Team 16 January 2019
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 .

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Moneylife Digital Team 11 October 2018
Market regulator Securities and Exchange Board of India (SEBI) said the Justice RM Lodha Committee appointed by the Supreme Court has paid up to Rs2,500 each to 1,13,352 investors of PACL Ltd (erstwhile Pearls), who had filed the claims in prescribed forms.

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Moneylife Digital Team 17 September 2018
The Australian Federal Court had accepted claim filed by Securities and Exchange Board of India (SEBI) on assets of PACL Ltd (erstwhile Pearls) in that country

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Moneylife Digital Team IANS 12 September 2018
The Enforcement Directorate on Wednesday filed a charge sheet against PACL Ltd (erstwhile Pearls) and its chief Nirmal Singh Bhangoo in connection with a Ponzi scam involving over Rs49,100 crore, which was collected allegedly by two companies from 5.5 crore investors.

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Moneylife Digital Team 11 July 2018
Market regulator Securities and Exchange Board of India (SEBI) said, PACL Ltd (erstwhile Pearls) has increased its offer to Rs23,000 from Rs20,000 to buy own properties. Due to this, the Justice RM Lodha Committee appointed by the Supreme Court has decided to invite final counter or revised proposals from interested parties

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Moneylife Digital Team 26 June 2018
Market regulator Securities and Exchange Board of India (SEBI) said the Justice RM Lodha Committee appointed by the Supreme Court has received counter proposals from eight parties for properties of PACL Ltd

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Moneylife Digital Team 27 February 2018
The Committee has received representations and applications from various investors requesting it to extend the deadline for receipt of claim applications from investors

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IANS 21 February 2018
Rallying under the banner of Janlok Pratishthan, these investors of erstwhile Pearls Infrastructure Projects will march to the SEBI headquarters

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IANS 09 January 2018
According to the ED statement, the PACL directly and through its 43 front companies during 2009 to 2014 invested an amount of Rs 650 crore in its group company PIPL which further invested Rs 147 crore in 2010 for acquiring 50 per cent of shares of Australia-based Miiresorts Group 1 Pty Ltd

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