Investors claim applications in PACL Ltd. – Last date for checking status / rectifying defects

Investors claim applications in PACL Ltd. – Last date for checking status and rectifying deficiencies is 31.07.2020 for investors with claims upto Rs. 5000

The Justice (Retd.) R. M. Lodha committee (“Committee”) was constituted as per the direction of the Hon’ble Supreme Court for disposing of the land purchased by the PACL Limited so that the sale proceeds can be paid to the investors, who invested their funds in the Company.

Facility to view status of deficiency in claim applications and making good those deficiencies The Committee had requested investors/applicants with claims upto Rs. 5,000/- to check the status of their claim applications online on https://www.sebipaclrefund.co.in and rectify the deficiencies, if any.

The portal for rectifying the deficiencies in applications was made operational from January 24, 2020.

The last date for checking the status of claim applications and/or rectification of deficiencies is July 31, 2020

• Later SC ruling cannot render an act done in compliance of a court order a statutory default
• Interest payment on mobilisation advance to NHAI not liable to TDS u/s 194A
• Typographical error in turnover accepted during assessment not a mistake apparent from record
• Plea that assessee was not aware of order cannot be brushed aside in absence of proof of service
• Order rejecting stay of income tax demand should recite merits if it is a case for stay or not