Description
SEBI appellate authority dismisses RTI appeal seeking property attachment information related to PACL matter, confirming information not available with SEBI.
Summary
SEBI’s Appellate Authority dismissed RTI Appeal No. 6494 of 2025 filed by Adv. Suresh Chauhan seeking information about property attachments in the PACL matter. The authority upheld SEBI’s response that the requested information is not available with the regulator.
Key Points
- Appellant sought information regarding property attachments mentioned in PACL matter context
- SEBI responded that requested information is not available with the regulator
- Appellate Authority confirmed SEBI can only provide information available in its records
- Justice R.M. Lodha Committee is responsible for PACL property disposal and investor repayment
- PACL-related information available on SEBI website through public notices and status reports
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
No new compliance requirements for market participants.
Important Dates
- RTI Application: June 11, 2025 (received June 24, 2025)
- SEBI Response: June 26, 2025
- Appeal Filed: July 14, 2025 (received July 22, 2025)
- Appeal Decision: August 20, 2025
Impact Assessment
No market or operational impact. This is an administrative decision on an RTI appeal with no implications for market participants or trading activities. The decision reinforces that SEBI’s RTI obligations are limited to information available in its possession.
Impact Justification
Administrative RTI appeal decision with no market impact or regulatory changes