I had loged complaint on SEBI with Reg NO.SEBIE/MH23/0009530/1 on 27/09/2023 and got reply as We refer to your Scores complaint no: SEBIE/MH23/0009530/1,

This is to inform you that scrutiny of your review claim is under process w.r.t your claim 917/370 against Defaulter, KARVY STOCK BROKING LIMITED.

The outcome of the same will be communicated to you at the earliest.

Regards,

<PRESIDIO_ANONYMIZED_PERSON>

from BSE and I had describe my complain as Urgent: Request for Reconsideration of Compensation for Outstanding Reliance Industries Limited Shares in Karvy Scam
Scores Registration No : SEBIE/MH23/0009530/1 (BSE Claim No. 917/370)

Dear SEBI,

I am writing to urgently follow up on my previous emails dated 27-09-2023 regarding the outstanding shares in the Karvy scam and my claim filed with the Bombay Stock Exchange (BSE) under Claim No. 917/370. I have not received a satisfactory response to my requests for comprehensive compensation, and I kindly request your immediate attention to this matter.

As stated in my previous emails, my claim primarily concerns the non-receipt of 400 shares of Punjab National Bank and 200 shares of State Bank of India, which are part of Claim No. 917/370. The default date for the Karvy scam is 23rd November 2020. I urge SEBI to promptly review my claim for these shares and ensure that appropriate compensation is provided for the losses incurred.

Furthermore, I would like to draw your attention to the compensation offered for my 20 shares of Reliance Industries Limited. While I appreciate the efforts made by SEBI and the BSE in addressing this issue, I believe that the compensation offered thus far does not adequately reflect the value of the shares as of the default date i.e 23rd November 2020. Therefore, I kindly request SEBI to reconsider and increase the compensation provided for these shares.

Additionally, I recently became aware of the Member and Core Settlement Guarantee Fund Committee (MCSGFC) of NSEIL, which deals with representations made by investors regarding relief/disposal of securities sub-judice before the Hon'ble SAT. I understand that this committee has been informed that securities under litigation would be valued at the closing price as on the date of default/expulsion. It has also been mentioned that the interim relief provided would be within the overall limit of Rs.25 lakhs per investor's claim.

Considering this information, I kindly request SEBI to take into account the guidelines provided by the MCSGFC of NSEIL in the valuation and compensation of my outstanding shares in the Karvy scam. It is crucial to ensure that the compensation provided aligns with the closing prices as of the default date and falls within the overall limit specified .

I understand that SEBI and the relevant authorities are working tirelessly to resolve the Karvy scam and compensate affected investors. However, it is crucial to expedite the process and ensure that all outstanding claims, including mine, are addressed promptly and fairly.

I kindly request SEBI to prioritize my claim for the outstanding shares of Punjab National Bank and State Bank of India, as well as the reconsideration of compensation for my Reliance Industries Limited shares. If there are any further actions or documentation required from my end, please let me know, and I will promptly provide the necessary information.

Additionally, I would like to emphasize that the return of my Punjab National Bank, State Bank of India, Reliance Industries Limited shares is of utmost importance to me. I believe that the rightful ownership of these shares should be restored, rather than receiving monetary compensation. I kindly request SEBI to give due consideration to this request and take necessary actions to facilitate the return of my shares.

Thank you for your immediate attention to this matter. I look forward to a prompt and satisfactory resolution that ensures comprehensive compensation for the losses incurred by investors in the Karvy scam.

Regards,
<PRESIDIO_ANONYMIZED_PERSON>

So draft a mail complaint to SEBI regarding this for reviewing and add Additionally, I recently became aware of the Member and Core Settlement Guarantee Fund Committee (MCSGFC) of NSEIL, which deals with representations made by investors regarding relief/disposal of securities sub-judice before the Hon'ble SAT. I understand that this committee has been informed that securities under litigation would be valued at the closing price as on the date of default/expulsion. It has also been mentioned that the interim relief provided would be within the overall limit of Rs.25 lakhs per investor's claim.