Description

RTI appeal regarding SEBI's investigation and refund process for PACL Ltd. investors, seeking information on investigation status, refund disbursements, and claim processing.

Summary

Appeal No. 6560 of 2025 was filed by Ranganathan under the Right to Information Act, 2005 before SEBI’s Appellate Authority. The appellant originally filed an RTI application on July 30, 2025 seeking detailed information about SEBI’s investigation into PACL Ltd., the refund process for investors, Lodha Committee’s role, claim verification procedures, asset recovery, and transparency measures. The CPIO responded on August 18, 2025 stating the information was not available with SEBI but directed the appellant to publicly available information on SEBI’s website.

Key Points

  • RTI application filed on July 30, 2025 by Ranganathan received through RTI MIS Portal
  • CPIO responded on August 18, 2025 indicating requested information not available with SEBI
  • Appeal filed on September 13, 2025 (Reg. No. SEBIH/A/P/25/00015) through email
  • Application sought 25 specific queries covering investigation status, refund statistics, claim processing, asset recovery, and transparency measures
  • CPIO directed appellant to publicly available information on SEBI website regarding PACL matters including public notices, press releases, status reports, and FAQs
  • Document appears incomplete with appeal grounds section truncated

Regulatory Changes

No regulatory changes are outlined in this RTI appeal order.

Compliance Requirements

No specific compliance requirements are imposed through this RTI appeal order.

Important Dates

  • July 30, 2025: RTI application filed
  • August 18, 2025: CPIO response issued
  • September 13, 2025: Appeal filed

Impact Assessment

This RTI appeal order has minimal direct market impact as it concerns information disclosure procedures under the RTI Act. The appeal relates to transparency in the PACL investor refund process managed by the Justice (Retd.) R.M. Lodha Committee. The document demonstrates ongoing investor interest in obtaining detailed information about PACL investigation status, refund disbursements, claim processing timelines, and asset recovery efforts. The incomplete nature of the provided document prevents assessment of the final appellate decision and its implications for information transparency.

Impact Justification

RTI appeal order with limited market impact, primarily concerning transparency in PACL refund process and information availability