Description
RTI appeal dismissed as requested information regarding PACL land allotment details is not available with SEBI. Appellant directed to Justice R.M. Lodha Committee.
Summary
The Appellate Authority under the Right to Information Act, 2005 dismissed Appeal No. 6589 of 2025 filed by Karni Singh Sheoran on October 31, 2025. The appellant sought details of land allegedly allotted by PACL Ltd. against certificate no. U024058XXX. SEBI’s CPIO responded that the requested information is not available with SEBI. The Appellate Authority upheld this response and directed the appellant to approach the Justice (Retd.) R.M. Lodha Committee, which is responsible for disposal of PACL properties and repayment to investors.
Key Points
- RTI application filed on September 19, 2025 seeking details of land allotted by PACL against certificate no. U024058XXX
- CPIO responded on September 23, 2025 that information is not available with SEBI
- Appeal filed on October 09, 2025 (Reg. No. SEBIH/A/E/25/00272) claiming refusal of information
- Appellate Authority dismissed the appeal on October 31, 2025
- Appellant’s PACL registration shows status: “application could not be processed as land has been allotted”
- Justice R.M. Lodha Committee (constituted by Supreme Court order dated February 2, 2016) is responsible for PACL property disposal and investor repayment
Regulatory Changes
No regulatory changes introduced by this order.
Compliance Requirements
No new compliance requirements. This is an administrative order on an RTI appeal with no compliance implications for market participants.
Important Dates
- September 19, 2025: RTI application filed
- September 23, 2025: CPIO response provided
- October 09, 2025: Appeal filed
- October 31, 2025: Appeal dismissed by Appellate Authority
Impact Assessment
This order has no market impact. It is an individual administrative matter relating to an RTI appeal concerning PACL refund information. The order reiterates that SEBI does not possess details of land allotments made by PACL Ltd., and such matters fall under the jurisdiction of the Justice R.M. Lodha Committee established by the Supreme Court. The decision follows established precedent that CPIOs cannot provide information not in their possession (citing CIC decision in Pattipati Rama Murthy vs. CPIO, SEBI, July 8, 2013).
Impact Justification
Administrative RTI appeal matter with no market-wide impact. Relates to individual investor query about PACL refund status.