Description
Appellate Authority order dismissing RTI appeal seeking information about unauthorized GTT order execution on Groww platform on May 12, 2025.
Summary
The SEBI Appellate Authority dismissed Appeal No. 6489 of 2025 filed by Karthick S seeking information under RTI Act about an incident involving unauthorized execution of GTT orders on Groww Invest Tech Private Limited platform on May 12, 2025. The appeal was rejected as the queries were deemed to be seeking clarification/opinion rather than information as defined under RTI Act.
Key Points
- Appellant sought information about Groww platform incident involving unauthorized GTT order execution on May 12, 2025
- CPIO refused information stating queries were seeking clarification/opinion, not information under RTI Act
- Appellate Authority upheld CPIO’s decision, ruling queries cannot be construed as seeking ‘information’ under Section 2(f) of RTI Act
- Appeal was filed on July 18, 2025 and decided based on available records
Regulatory Changes
No regulatory changes introduced. This is an administrative order on RTI appeal procedure.
Compliance Requirements
- RTI applications must seek ‘information’ as defined under Section 2(f) of RTI Act, not clarification or opinion
- Queries seeking explanation, advice, confirmation or clarification from CPIO are not covered under RTI Act
Important Dates
- May 12, 2025: Date of alleged unauthorized GTT order execution incident on Groww platform
- July 9, 2025: RTI application filed by appellant
- July 18, 2025: CPIO response and appeal filed
- August 12, 2025: Appellate Authority order issued
Impact Assessment
Limited direct market impact as this is an administrative RTI appeal decision. However, it highlights concerns about platform security and unauthorized trading execution. The case demonstrates limitations of RTI Act in obtaining detailed regulatory enforcement information, as such details are typically available in public domain through SEBI website when actions are taken.
Impact Justification
Administrative RTI appeal with limited direct market impact but highlights platform security concerns