Pacl

A panel headed by retired Justice RM Lodha had initiated the process of refunds in phases for investors, who had invested in PACL.

Panel allows refunds up to Rs 15,000 to PACL investors

The refund process of up to Rs 15,000 claims will be allowed from November 1, 2022, to January 31, 2023.

Disposal of PACL assets has fetched Rs 878.20 crore so far: Govt data

The CBI has handed over 42,950 property documents to the committee besides 79 luxury cars from PGF and PACL including Rolls Royce, Porsche Cayenne, Bentley, BMW 7-series, they said.

Sebi asks banks to transfer money available in accounts of PACL's 640 group entities to its a/c

PACL had raised Rs 49,100 crore from nearly 5 crore investors that it needs to refund along with promised returns, interest payout and other charges, which took the total amount due to over Rs 60,000 crore.

Sebi orders attachment of PACL properties in Punjab to recover investors money

The regulator had found that PACL Ltd, which had raised money from the public in the name of agriculture and real estate businesses, collected more than Rs 60,000 crore through illegal collective investment schemes (CISs) over 18 years.

12 lakh PACL investors with claims up to Rs 10,000 get their money back: SEBI

A panel headed by retired Justice R M Lodha had initiated the process of refunds in phases for investors, who invested money in PACL.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.