SEBI Pearl (PACL) Application Form Portal 2026: The Justice (Retd.) R.M. Lodha Committee in the matter of PACL Ltd (“the “Committee) is a Committee constituted by the Securities and Exchange Board of India (“SEBI”) pursuant to the order dated February 02, 2016 passed by the Hon’ble Supreme Court of India and subsequent orders thereof in Subrata Bhattacharya V. Securities and Exchange Board of India (CA No. 13301/2015) and other connected matters under the chairmanship of Justice (Retd) R.M. Lodha. The mandate of the Committee is to sell the properties of PACL Ltd and use the sale proceeds to refund the investors who had invested their money in PACL Ltd.

As on October 31, 2025, the Committee has effected refunds in respect of 23,78,705 eligible applications with outstanding claim (principal) amount up to Rs. 23,000, aggregating to a total disbursal of Rs. 1,332.95 Crore.

Investors whose claim applications were found deficient during the verification process have been provided multiple opportunities to rectify the deficiencies. The last such opportunity to make good the deficiencies was available to the investors from March 14, 2024 to June 13, 2024.

SEBI Pearl (PACL) Application Form Portal 2026 Important Links

SEBI Pearl (PACL) Application Form Portal 2026