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  • PACL case: SEBI asks investors to check status of application, rectify errors by July 31 Jun 02, 2020 04:36 PM IST

    PACL case: SEBI asks investors to check status of application, rectify errors by July 31

    PACL, which had raised money from public in the name of agriculture and real estate businesses, was found by Sebi to have collected more than Rs 60,000 crore through illegal collective investment schemes (CIS) over a period of 18 years.

  • PACL did not make offer to pay Rs 20,000 crore in 3 years: SEBI May 26, 2020 10:50 PM IST

    PACL did not make offer to pay Rs 20,000 crore in 3 years: SEBI

    PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by SEBI to have collected more than Rs 60,000 crore through illegal collective investment schemes (CISs) over a period of 18 years.

  • PACL case: SEBI bans Sonu Nigam from selling, transferring agricultural land in Karjat area Mar 11, 2020 05:15 PM IST

    PACL case: SEBI bans Sonu Nigam from selling, transferring agricultural land in Karjat area

    In its order, Sebi said Nigam has been "prohibited from disposing, transferring, alienating or charging" agricultural land of over 53 acres in Karjat.

  • SAT upholds Sebi's order levying fine of Rs 2,423cr on PACL directors Jan 14, 2020 08:15 PM IST

    SAT upholds Sebi's order levying fine of Rs 2,423cr on PACL directors

    The company and its directors had mobilised funds to the tune of over Rs 2,686 crore by running unregistered collective investment schemes between 2013 and 2014.

  • PACL investors' refund applications under process: Sebi Oct 16, 2019 07:30 PM IST

    PACL investors' refund applications under process: Sebi

    The committee was set up by Sebi following a Supreme Court order for selling properties of PACL and using the sale proceeds to refund investors.

  • PACL case: Deadline for investors to submit claims extended till July 31 Apr 26, 2019 06:12 PM IST

    PACL case: Deadline for investors to submit claims extended till July 31

    The committee headed by retired Justice R M Lodha was set up by Sebi following a Supreme Court order for selling the properties of PACL and using the sale proceeds to refund the investors.

  • PACL investors can submit claim applications till April 30, says Sebi Feb 08, 2019 09:08 PM IST

    PACL investors can submit claim applications till April 30, says Sebi

    The 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 case: Sebi panel receives details of additional 13,863 properties Jan 17, 2019 10:15 AM IST

    PACL case: Sebi panel receives details of additional 13,863 properties

    PACL also known as Pearl Group, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective investment schemes over 18 years.

  • PACL case: Refunds relating to over 1 lakh applications credited to investors' account Oct 10, 2018 10:04 PM IST

    PACL case: Refunds relating to over 1 lakh applications credited to investors' account

    PACL, which had raised money from public in the name of agriculture and real estate businesses, was found by SEBI to have collected more than Rs 60,000 crore through illegal collective investment schemes

  • PACL case: Australian courts accept SEBI claim seeking repatriation of funds on investors' behalf Sep 17, 2018 08:36 PM IST

    PACL case: Australian courts accept SEBI claim seeking repatriation of funds on investors' behalf

    The money mobilised by PACL from investors was utilised for acquiring certain assets in Australia, SEBI said in a statement.

  • PACL case: ED files charge sheet in Delhi court Sep 12, 2018 10:00 PM IST

    PACL case: ED files charge sheet in Delhi court

    The ED's documents, filed by its special public prosecutor N K Matta, said that "illegal and fraudulent activities on the part of promoters of PGF and PACL have been revealed".

  • PACL case: Sebi panel asks investors to produce original docs for refunds Aug 10, 2018 09:30 PM IST

    PACL case: Sebi panel asks investors to produce original docs for refunds

    The panel has asked only such investors who have received SMS to send their original PACL certificates to the committee, said Sebi in a statement.

  • Sebi rejects PACL group firm's plea to defreeze accounts Nov 23, 2017 04:26 PM IST

    Sebi rejects PACL group firm's plea to defreeze accounts

    Besides bank accounts, the regulator has refused to defreeze Pearls Infrastructure Projects Ltd's (PIPL) demat account and mutual fund holdings.

  • SEBI fines PACL, four directors $379 million for fraudulent schemes Sep 08, 2017 02:26 PM IST

    SEBI fines PACL, four directors $379 million for fraudulent schemes

    The fine comes after India's market regulator three years ago had ordered PACL to return the 491 billion rupees it had raised from customers from financial products that promised returns based on land investments.

  • Sebi imposes Rs 2,423 cr fine on PACL, 4 directors Sep 07, 2017 07:55 PM IST

    Sebi imposes Rs 2,423 cr fine on PACL, 4 directors

    The refund process is being overseen by a Supreme Court- appointed committee, which has been able to collect "only a few hundred crores", Sebi said

  • Proceedings to continue against 2 persons in PACL case: SEBI Aug 21, 2017 07:00 PM IST

    Proceedings to continue against 2 persons in PACL case: SEBI

    PACL was found by SEBI to have collected over Rs 49,100 crore through illegal collective investment schemes.

  • Sebi cautions investors against dealing in PACL properties Feb 22, 2017 07:16 PM IST

    Sebi cautions investors against dealing in PACL properties

    Regulator Sebi today asked PACL's investors to file their claims for refund of money in a prescribed format to be issued by Supreme Court-appointed committee and cautioned public at large against dealing with any property where the group and its promoters have interests.

  • SEBI appoints HDFC Realty to auction PACL properties Feb 09, 2017 05:10 PM IST

    SEBI appoints HDFC Realty to auction PACL properties

    HDFC Realty today said it has been appointed by market regulator SEBI to assist it with property sales for Pearls Agrotech Corporation (PACL) in eight states amounting to aaround Rs 550 crore.

  • SC seeks CBI's response on PACL's plea for clubbing of FIRs Nov 09, 2016 06:40 PM IST

    SC seeks CBI's response on PACL's plea for clubbing of FIRs

    The Supreme Court today sought a response from the CBI on a plea of Pearls Agrotech Corporation Ltd (PACL), accused of not refunding over Rs 49,100 crore to its investors under various chit-fund schemes, that over 70 FIRs filed against it and its promoters across the country be clubbed with the case being probed by the central agency.

  • Blow to PACL investors: Ponzi co doesn't have money to refund Oct 14, 2016 08:55 AM IST

    Blow to PACL investors: Ponzi co doesn't have money to refund

    Pearl Agrotech Corporation Ltd (PACL), the company found guilty in a Ponzi investment scam, has assets worth only about Rs 10,000 crore, far lower than the Rs 50,000 crore that it owes the investors in the scheme, an article in Mint states quoting sources.

  • HDFC Realty mulls helping banks dispose of defaulter assets Oct 09, 2016 02:00 PM IST

    HDFC Realty mulls helping banks dispose of defaulter assets

    Taking its experience in selling properties of Sahara and PACL for Sebi a step further, real estate advisory firm HDFC Realty is considering helping banks sell properties of defaulters and recover loans.

  • PACL money trail leads to Australia; Sebi moves Oz court Aug 18, 2016 06:45 PM IST

    PACL money trail leads to Australia; Sebi moves Oz court

    Sebi, while in the process of refunding money to the investors after selling attached assets of PACL Group, it looks like they have come across a money trail that can be traced to Australia.

  • PACL case: Sebi to auction 47 vehicles this month Aug 11, 2016 07:10 PM IST

    PACL case: Sebi to auction 47 vehicles this month

    PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective investment schemes over a period of 18 years.

  • Sebi goes after ponzi schemes, files 567 cases so far Aug 02, 2016 07:08 PM IST

    Sebi goes after ponzi schemes, files 567 cases so far

    The entities have garnered funds through fraudulent investment schemes with promise of huge returns to investors.

  • Sebi cautions public against dealing with PACL assets Jul 31, 2016 01:46 PM IST

    Sebi cautions public against dealing with PACL assets

    Besides, the watchdog has said anyone dealing with such properties will be doing it at "their own risk, cost and consequences".

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