PACL: Good news! Big relief for investors seeking money refund - SEBI takes this decision
In a major relief to investors of PACL, the RM Lodha committee has extended the deadline for submitting applications to seek claims till July 31. Earlier, the deadline for submitting applications was to end on April 30.
PACL had illegally collected around Rs 60,000 crore from the public, mainly in the name of agriculture and real estate businesses and the firm failed to refund the investors.