PACL Refund: How to calculate claim amount to be entered in online application form

Markets regulator SEBI has said that investors of PACL, who are seeking claims from the company can submit their applications till April 30. These PACL refund applications will be submitted to the panel headed by retired Justice R M Lodha. The committee 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 had illegally collected around Rs 60,000 crore from the public, mainly in the name of agriculture and real estate businesses.

But, many investors are confused about what amount should be entered in the PACL refund application form. Here is the answer from SEBI:-

Question: How is the claim amount against PACL that is to be entered in the claim application form to be calculated? Can an investor input the maturity amount as the claim amount?

Answer: The PACL claim amount is the total amount that is derived upon adding the amounts as appearing in all the outstanding receipts of payment with respect to a particular PACL Registration Number. The claim amount so entered by the investor in the claim application form is required to be supported by uploading the scanned copy of the corresponding certificate issued by PACL for the said PACL Registration number along with the scanned copy (ies) of the corresponding outstanding receipt (s) of payment. For greater clarity, please refer to the refund video. Further, the originals of the scanned copies uploaded should be available with the investor. It is further clarified that the maturity amount is not the claim amount.

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. The committee has now decided to receive claims from all investors having outstanding claims with PACL Ltd, Sebi had said in a release.

For further information, PACL investors may log on to https://www.sebipaclrefund.co.in/. This will provide further clarity if investors require it.