Description

RTI appeal by Baljinder Kaur (PACL investor) challenging SEBI's response regarding disputed land allotment against her PACL certificate. Appellate Authority finds no deficiency in SEBI's response as the information is not held by SEBI.

Summary

The Appellate Authority at SEBI disposed of Appeal No. 6789 of 2026 filed by Baljinder Kaur, a PACL Ltd. investor, who had sought information under the RTI Act regarding a disputed land allotment against her PACL certificate (No. U018287718). SEBI’s CPIO had responded that the requested information is not available with SEBI. The Appellate Authority upheld the response, finding no deficiency.

Key Points

  • Appellant Baljinder Kaur filed an RTI application on March 04, 2026, seeking details of land allegedly allotted against her PACL certificate No. U018287718.
  • The refund portal showed an error stating land had been allotted to her, which she denies ever accepting.
  • She sought the land address/plot details, ownership documents, and any consent letter allegedly signed by her, or alternatively the procedure to correct the portal status.
  • CPIO responded on March 06, 2026, stating the information is not available with SEBI.
  • The appellant filed the appeal (Reg. No. SEBIH/A/E/26/00096) on March 08, 2026, alleging incomplete, misleading, or false information was provided.
  • The Appellate Authority cited the CIC ruling in Pattipati Rama Murthy vs. CPIO, SEBI (July 8, 2013): SEBI cannot invent information it does not possess.

Regulatory Changes

No regulatory changes arise from this order. It is an individual appellate decision on an RTI matter.

Compliance Requirements

No new compliance requirements for market participants. SEBI reiterated that PACL investor grievances and refund processes are managed by the Justice (Retd.) R. M. Lodha Committee, constituted pursuant to the Supreme Court order dated February 2, 2016.

Important Dates

  • March 04, 2026: RTI application filed by appellant
  • March 06, 2026: CPIO response issued
  • March 08, 2026: Appeal filed by appellant

Impact Assessment

This order has no broad market or regulatory impact. It is an individual RTI appeal resolution. PACL investors with similar disputes regarding land allotment status on the refund portal should direct their queries to the Justice Lodha Committee, which is responsible for PACL property disposal and investor repayment.

Impact Justification

Routine RTI appellate order concerning an individual PACL investor dispute; no market-wide regulatory changes or compliance obligations arise from this order.