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The deadline to fill and file PACL money refund claim application form is about to end soon. Only 5 days are left. According to Sebi, 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. Here is the demo video for making refund claims. Through this demo video, you can easily understand step by step refund application process through the online portal. Justice R M Lodha 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. PACL had illegally collected around Rs 60,000 crore from the public, mainly in the name of agriculture and real estate businesses.
WATCH: Demo video for making refund claims by investors to understand step by step application process through the online portal
Moreover, Sebi has cautioned investors against parting with their original PACL registration certificates without specific intimation received from the committee.
Earlier, the panel initiated the process of receipt of claim applications from PACL investors whose total outstanding amount was up to Rs 2,500. This process has been completed. Sebi had confirmed that after verification, refunds were made in respect of claims found to be in order and the process has been completed. "The committee has now decided to receive claims from all investors having outstanding claims with PACL Ltd," Sebi had said.
For any further information, PACL investors can access the website https://www.sebipaclrefund.co.in/