Description

RTI appeal by Ganga Prasad seeking certified copies of PACL land allotment records. The Appellate Authority upheld SEBI's response that the requested information is not available with SEBI.

Summary

The Appellate Authority under SEBI disposed of two identical RTI appeals (Nos. 6800 & 6801 of 2026) filed by Ganga Prasad against the CPIO, SEBI, Mumbai. The appellant sought certified copies of PACL land allotment records linked to Certificate No. U2466xxxxx. SEBI’s CPIO had informed the appellant that the requested information is not available with SEBI. The Appellate Authority upheld the respondent’s response and found no deficiency in it.

Key Points

  • Appellant filed an RTI application dated February 27, 2026 seeking certified copies of PACL land allotment records for Certificate No. U2466xxxxx
  • SEBI’s CPIO responded on March 13, 2026, stating the requested information is not available with SEBI
  • Two identical appeals (Reg. Nos. SEBIH/A/E/26/00106 & SEBIH/A/E/26/00107) were filed on March 16, 2026 on grounds of incomplete, misleading, or false information
  • The Appellate Authority found no deficiency in SEBI’s response, citing the CIC precedent that a CPIO cannot invent information not in its possession
  • Appellant’s request to transfer the application to the concerned public authority under Section 6(3) of RTI Act was noted; the Justice (Retd.) R. M. Lodha Committee is responsible for PACL property disposal and investor repayment

Regulatory Changes

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

Compliance Requirements

No new compliance requirements for market participants. The order reaffirms that SEBI is not the custodian of PACL land allotment records and that such matters fall under the jurisdiction of the Justice (Retd.) R. M. Lodha Committee constituted pursuant to the Supreme Court order dated February 2, 2016.

Important Dates

  • February 27, 2026: Appellant’s original RTI application filed
  • March 13, 2026: CPIO, SEBI responded to the RTI application
  • March 16, 2026: Appellant filed two identical appeals (Reg. Nos. SEBIH/A/E/26/00106 & SEBIH/A/E/26/00107)

Impact Assessment

This order has no market or operational impact. It is an administrative RTI appeal decision affecting only the individual appellant. Investors seeking PACL-related refund or land allotment information should approach the Justice (Retd.) R. M. Lodha Committee rather than SEBI.

Impact Justification

Routine RTI appellate order with no market-wide regulatory changes; affects only the individual appellant seeking PACL-related records not held by SEBI.