Description
Appellate Authority dismisses RTI appeal by Pawan Kumar Pathak seeking information on refund of money deposited in PACL Ltd., as the information is not available with SEBI.
Summary
The Appellate Authority under the RTI Act, SEBI, dismissed Appeal No. 6784 of 2026 filed by Pawan Kumar Pathak. The appellant sought information regarding the refund of money deposited in PACL Ltd. The CPIO had responded that the requested information is not available with SEBI. The Appellate Authority upheld the respondent’s response and dismissed the appeal.
Key Points
- Appellant Pawan Kumar Pathak filed an RTI application (received January 21, 2026) seeking information on refund of money deposited in PACL Ltd.
- CPIO responded on January 28, 2026, stating the information is not available with SEBI.
- Appellant filed an appeal dated February 19, 2026 (received by Appellate Authority on February 26, 2026).
- Appellate Authority found no deficiency in the CPIO’s response.
- The Justice (Retd.) R. M. Lodha Committee, constituted per Supreme Court order dated February 2, 2016, is responsible for disposal of PACL properties and repayment to investors.
- SEBI’s website contains public notices, press releases, status reports, and FAQs related to PACL matters.
Regulatory Changes
No regulatory changes. This is a routine RTI appellate order.
Compliance Requirements
No new compliance requirements. The appellant is directed to refer to publicly available PACL-related information on the SEBI website, including Status Reports, FAQs, Press Releases, and Public Notices.
Important Dates
- January 21, 2026: RTI application received by SEBI
- January 28, 2026: CPIO response to the application
- February 19, 2026: Appeal filed by appellant
- February 26, 2026: Appeal received by Office of Appellate Authority
- March 24, 2026: Order date — appeal dismissed
Impact Assessment
No market or operational impact. This is an individual RTI appeal concerning PACL investor refund information. The matter reaffirms that SEBI does not hold specific refund-related data for PACL investors, and that such matters are handled by the Lodha Committee under Supreme Court oversight. Investors seeking PACL refund information are directed to SEBI’s public domain resources.
Impact Justification
Routine RTI appellate order dismissing an individual's appeal for PACL refund information; no regulatory changes, no market impact, information already in public domain.