Description
RTI appeal by Devendra Kataria seeking information about PACL India Limited policy status and refund dismissed as information not available with SEBI.
Summary
SEBI’s Appellate Authority dismissed Appeal No. 6477 of 2025 filed by Devendra Kataria regarding his RTI application seeking information about his mother’s PACL India Limited policy. The appeal was dismissed as SEBI does not possess the requested information about individual PACL policies.
Key Points
- Appellant sought information about PACL policy U08731XXXX dated February 15, 2010 for 300 square yards plot
- SEBI responded that the requested information is not available with the regulator
- Appeal filed on grounds of incomplete/misleading information was dismissed
- Appellate Authority confirmed SEBI cannot provide information it does not possess
Regulatory Changes
No regulatory changes introduced by this order.
Compliance Requirements
- PACL matters are handled by Justice (Retd.) R.M. Lodha Committee under Supreme Court orders
- Investors directed to refer to publicly available Status Reports, FAQs, and Press Releases on SEBI website
Important Dates
- RTI Application: July 7, 2025
- SEBI Response: July 8, 2025
- Appeal Filed: July 8, 2025
- Order Date: August 5, 2025
- Original PACL Policy Date: February 15, 2010
Impact Assessment
Minimal market impact as this is an individual case. Reaffirms that PACL investor grievances are handled through the Supreme Court-appointed Lodha Committee, not directly by SEBI. No operational changes for market participants.
Impact Justification
Individual RTI appeal case with no broader market impact or regulatory changes