There have been many ponzi schemes in India's history and then there's Pearls Agrotech Corporation Limited, better known as PACL.
PACL said it "would also like to remind its customers that it has always kept their interest paramount and would continue to do so". <br />
Sebi has got a new problem at hand - that is handling the huge volumes of refund claims with majority of them being without necessary documents and details.
Telenor may not be able to avail of the benefit of adjusting Rs 1,658 crore licence fee it paid in 2008 for permits of its Indian venture Uninor
The Supreme Court has asked two Sahara firms, India Real Estate Corporation and Sahara India Housing Corporation, to refund the money they raised from about 30 million investors.