Feb 08, 2019
PR No. 007/2019

Properties of PACL Ltd.

It is brought to the notice of the public at large that in compliance of the order dated February 02, 2016 passed by the Hon’ble Supreme Court of India in CA No. 13301/2015 titled as Subrata Bhattacharya Vs. Securities and Exchange Board of India and other connected matters, a Committee has been constituted by SEBI under the chairmanship of Justice (Retd.) R. M. Lodha, former Chief Justice of India for disposing of the properties of PACL Ltd., so that the sale proceeds can be paid to the investors (the “Committee”). 
 
The properties of PACL Ltd. seized by CBI and made available to the Committee are listed on the Committee’s websites namely, www.auctionpacl.com and www.sebipaclproperties.com.
 
In this respect, it is reiterated that in terms of the above order dated February 02, 2016, only the Committee is authorised to sell the properties of PACL Ltd. or properties wherein PACL Ltd. or any of its associates/subsidiaries have any interest/right, directly or indirectly. Accordingly, it is clarified that the Committee has not authorised any individual/ entity to sell the properties of PACL Ltd. It is also stated that any attempt by individuals/ entities to illegally and unauthorisedly take possession of the properties of PACL Ltd. shall invite necessary action under law.
 
In view of the above, the public at large is once again cautioned against buying or dealing with the properties of PACL Ltd. or properties wherein PACL Ltd. or any of its associates/subsidiaries have any interest/right, directly or indirectly. For any information with respect to the matter of PACL Ltd., only the public notices and press releases published by the Committee, available on the website: www.sebi.gov.in may be relied upon.