A high-powered committee, which is having a look into refunds for PACL buyers, on Thursday requested buyers having claims of as much as Rs 7,000 to rectify mistakes of their utility bureaucracy by way of October 31.
A portal has been made operational for such buyers to view standing in their declare packages. PACL, which had raised cash from the public within the title of agriculture and actual property business, was once discovered by way of Sebi to have accrued greater than Rs 60,000 crore thru unlawful collective funding schemes (CIS) over 18 years.
A panel, headed by way of retired Justice R M Lodha, has been set as much as organizing refunds for buyers.
In July, the committee had supplied a facility to buyers with a declare quantity between Rs 5,001 and Rs 7,000 to rectify the mistakes of their utility bureaucracy, and accordingly, the internet portal was once made operational from August 1.
In a press unlock by way of Sebi on Thursday, the Lodha panel mentioned, “Investors or applicants with claims up to Rs 7,000-whose claim applications were found deficient, are again requested to expedite and rectify the deficiencies, if any, in their applications before October 31”.
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