Description

RTI appeal by Kari Sahni against CPIO, SEBI Mumbai regarding PACL refund claim details. Appeal dismissed as requested information is not available with SEBI.

Summary

This order concerns Appeal No. 6779 of 2026 filed by Kari Sahni before the Appellate Authority under the Right to Information Act, 2005 at SEBI. The appellant sought information regarding PACL refund claim details from CPIO, SEBI Mumbai. The appeal was dismissed as the requested information is not available with SEBI.

Key Points

  • Appellant Kari Sahni filed an RTI application dated February 22, 2026 seeking PACL refund-related information
  • CPIO, SEBI Mumbai responded on February 26, 2026 stating the information is not available with SEBI
  • Appellant filed appeal (Reg. No. SEBIH/A/E/26/00090) on February 26, 2026 alleging incomplete, misleading or false information
  • Appellate Authority found no deficiency in the respondent’s response
  • Responsibility for PACL refunds lies with the Justice (Retd.) R. M. Lodha Committee, not SEBI directly

Regulatory Changes

No regulatory changes. This is an individual RTI appellate order with no broader regulatory implications.

Compliance Requirements

No new compliance requirements. SEBI confirmed that PACL-related matters including Public Notices, Press Releases, Status Reports, and FAQs are available on the SEBI website for reference.

Important Dates

  • February 22, 2026: Original RTI application filed by appellant
  • February 26, 2026: CPIO, SEBI Mumbai responded to the application
  • February 26, 2026: Appellant filed the RTI appeal (Reg. No. SEBIH/A/E/26/00090)
  • February 2, 2016: Original Supreme Court of India order constituting the Justice R. M. Lodha Committee
  • March 16, 2026: Date of this appellate order

Impact Assessment

This order has no market or systemic impact. It is an individual RTI grievance related to PACL investor refund claims. The Appellate Authority upheld the CPIO’s response citing the CIC precedent in Sh. Pattipati Rama Murthy vs. CPIO, SEBI (July 8, 2013), which established that SEBI cannot provide information it does not possess. Investors seeking PACL refund details are directed to the Justice R. M. Lodha Committee, which is the designated authority for PACL property disposal and investor repayment under Supreme Court orders.

Impact Justification

Routine RTI appeal dismissal with no broader market or regulatory implications. Affects only the individual appellant's query about PACL refund claim status.