Description
RTI appeal dismissed as SEBI confirmed requested PACL property information is not available with the regulator.
Summary
SEBI’s Appellate Authority dismissed RTI Appeal No. 6512 of 2025 filed by Fardeen Shaikh seeking certified copies of PACL and its associates’ properties restrained by Supreme Court order dated July 25, 2016. SEBI confirmed the requested information is not available with the regulator.
Key Points
- Appeal filed on August 6, 2025 against SEBI’s July 10, 2025 response to RTI application
- Appellant sought details of PACL properties in Goa under specific survey numbers and MR numbers
- SEBI categorically stated requested information is not available with the regulator
- Appeal dismissed as SEBI cannot provide information it does not possess
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
No new compliance requirements for market participants.
Important Dates
- RTI Application: July 17, 2025
- SEBI Response: July 10, 2025
- Appeal Filed: August 6, 2025
- Appeal Decision: August 21, 2025
Impact Assessment
Minimal impact as this is an administrative matter with no effect on market operations or investor protections. The appeal relates to information access rather than substantive regulatory action.
Impact Justification
Administrative RTI appeal with no market impact or regulatory changes