Description

RTI appeal filed by Vivek Tripathi against CPIO, SEBI regarding action taken on a CPGRAMS complaint from 2018 related to Parasrampuria Plantations Limited. The Appellate Authority upheld the respondent's response citing third-party information exemption.

Summary

This is an order by SEBI’s Appellate Authority under the Right to Information Act, 2005, in Appeal No. 6770 of 2026. The appellant, Vivek Tripathi, filed an RTI application on December 29, 2025 seeking information about action taken by SEBI on a CPGRAMS complaint (No. PMOPG/D/2018/0248058 dated July 9, 2018) and details of any nodal officer appointed in the matter. The respondent (CPIO, SEBI, Mumbai) replied on January 30, 2026, and the appellant filed this appeal on February 13, 2026, dissatisfied with the response.

Key Points

  • Appellant sought details of SEBI’s action on a 2018 CPGRAMS complaint and nodal officer information
  • CPIO informed that the information sought in Query 1 does not pertain to the appellant (third-party information)
  • CPIO confirmed no nodal officer was appointed in the matter
  • SEBI has Recovery Certificate No. 848 of 2015 against Parasrampuria Plantations Limited
  • Proceedings are also pending before the Hon’ble MPID Court, Mumbai (Case No. 16 of 2005)
  • SEBI filed a Miscellaneous Application before the MPID Court stating it will only assist the Court and not proceed independently
  • The Appellate Authority upheld denial of third-party information citing Section 8(1)(j) of the RTI Act

Regulatory Changes

No regulatory changes. This is a procedural RTI appellate order with no new rules or circulars issued.

Compliance Requirements

No new compliance requirements for market participants. The order reaffirms SEBI’s established position that information pertaining to third parties may be withheld under Section 8(1)(j) of the RTI Act, consistent with the precedent set in Chandrakant Kantilal Patel vs. CPIO, SEBI (order dated December 27, 2022).

Important Dates

  • July 9, 2018: Original CPGRAMS complaint filed (No. PMOPG/D/2018/0248058)
  • December 29, 2025: RTI application filed by appellant
  • January 1, 2026: RTI application received by SEBI
  • January 30, 2026: CPIO response to RTI application
  • February 13, 2026: Appellant filed the present appeal
  • March 20, 2026: Appellate Authority order date

Impact Assessment

This order has no market or operational impact. It is a routine administrative RTI appeal disposal. The order reinforces SEBI’s consistent application of third-party information exemptions under the RTI Act. The underlying matter involves historical recovery proceedings against Parasrampuria Plantations Limited, which are sub-judice before the MPID Court, Mumbai.

Impact Justification

Routine RTI appellate order with no market-wide regulatory changes; pertains to an individual's information request about a third-party complaint and historical recovery proceedings.