In a release, SEBI says, “The justice Lodha Committee has been receiving queries from investors regarding non-receipt of SMS calling for original PACL certificates owing to change of mobile number. Many investors have stated that mobile numbers provided by them during submission of online claims are no longer operational.”
This was applicable only to those investors whose claim money is between Rs10,001 and Rs15,000 and whose applications were verified.
SEBI also warned PACL investors against submitting their original PACL registration certificates without receiving an SMS from the justice Lodha committee.
SEBI’s investigations had earlier revealed that PACL, which had raised money from the public in the name of agriculture and real estate businesses, collected more than Rs60,000 crore through illegal collective…
