Deadline for investors to submit claims extended
Investors of PACL can submit their applications seeking claims till July 31, with R M Lodha committee extending the deadline. The deadline for submitting applications was to end on April 30. In February this year, the committee decided to receive claims from all investors having outstanding claims with PACL after it completed the process of refunding to the investors whose total outstanding amount was up to Rs 2,500. 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.
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