In consistence of request dated February 2, 2016 of this Hon’ble Court, the Committee got a measure of INR 122 Crores from the Registrar of the Hon’ble Delhi High Court.
The Committee has been and keeps on endeavoring all endeavors to guarantee promote recuperation.
FDRs of PACL with various Banks:
After constant follow up with the Banks, the Committee has been able to recover Rs.4,93,628,76.84/- (Four Crores Ninty Three Lacs Sixty Two Thousand Eight Hundred and Seventy Six rupees and Eighty Four paise Only)
Systematix Venture Capital Trust:
Systematix Venture Capital Trust received 113.45 Crore from PACL subsidiaries from which Rs. 16,86,98,766 has been recovered.
Rents from Hotels of PACL:
The Committee has received property documents relating to hotels in Zirakpur, Chandigarh; Colva, Goa; and Calangute, Goa. An they recovered Rs. 72,37,393 from these resources
As on 31.03.2017, the adjust in the financial balance kept up by the Committee is Rs.319,65,64,959/ – (Rupees Three Hundred Nineteen Crores Sixty Five Lacs Sixty Four Thousand Nine Hundred and Fifty Nine just), comprehensive of the Rs.39.5 Crores stored by M/s Hitesh Packaging Pvt. Ltd. as per the directions of the board of trustees in the matter of procurement of a property at town Rajokri, Delhi.
Properties In Austrlia :
By the recent judgment of the federal court of Australia now SEBI has full power to put the properties of PACL for auction in Australia. SEBI has proved that money collected from investors in India has been used to purchase the properties in Australia.
A luxury hotel in gold cost is already under the scanner of Australia govt which has been proved the illegal. And it will also be sold to collect money for investors refund.