Authority: A.P. Kurhekar Committee (SEBI-appointed)

Order Date: September 10, 2026

Case Overview

The A.P. Kurhekar Committee, appointed by SEBI, is overseeing the Phase-II refund process for investors of Citrus Check Inns Limited and Royal Twinkle Star Club Pvt. Ltd. The committee had previously opened an online refund portal on August 1, 2026, for a 45-day period originally scheduled to close on September 14, 2026.

Final Outcome

The committee has approved a 30-day extension of the claim submission window. The Phase-II refund portal at https://www.citrusroyalrefund.com will now remain open for claim submissions until October 14, 2026. Eligible investors who haven't submitted claims are advised to do so within this extended period. All grievances, queries, and difficulties relating to the refund process including claim submission, KYC/DigiLocker verification, correction of details, and claim status must be submitted through the online grievance redressal facility available on the refund portal. The committee emphasizes that grievances received through any other mode may not be entertained separately.

Topics: Investor Refund, Regulatory Compliance, SEBI Action