Description

SEBI Appellate Authority dismisses RTI appeal by Hariom Yadav seeking land allotment details under PACL Ltd. certificate, ruling that the requested information is not available with SEBI.

Summary

The SEBI Appellate Authority dismissed Appeal No. 6798 of 2026 filed by Hariom Yadav against the CPIO, SEBI, Mumbai. The appellant sought information regarding land allotted under his father’s PACL Ltd. certificate (No. U004027xxxx), including land details, possession documents, and reasons for refund claim rejection. SEBI’s CPIO responded that the requested information is not available with SEBI, and the Appellate Authority found no deficiency in this response.

Key Points

  • Appellant Hariom Yadav filed an RTI application dated March 01, 2026 seeking PACL land allotment details for his father’s certificate
  • Information sought included state/district, village/survey number, area, date of allotment, possession letters, and reasons for refund claim rejection
  • CPIO responded on March 16, 2026 stating the requested information is not available with SEBI
  • Appellant appealed on grounds of incomplete, misleading, or false information
  • Appellate Authority upheld the CPIO’s response, citing CIC precedent (Sh. Pattipati Rama Murthy vs. CPIO, SEBI, July 8, 2013)
  • Authority noted that PACL property disposal and investor repayment is handled by the Justice (Retd.) R. M. Lodha Committee under Supreme Court order dated February 2, 2016

Regulatory Changes

No regulatory changes. This is a routine RTI appellate order with no new rules or guidelines.

Compliance Requirements

No new compliance requirements. The appellant is directed to refer to SEBI’s website for PACL-related Status Reports, FAQs, Press Releases, and Public Notices available in the public domain.

Important Dates

  • March 01, 2026: Original RTI application filed by appellant
  • March 16, 2026: CPIO response issued; appellant filed appeal (Reg. No. SEBIH/A/E/26/00104)
  • April 02, 2026: Appellate Authority order issued by Ruchi Chojer dismissing the appeal

Impact Assessment

No market or operational impact. This is an individual RTI grievance related to PACL Ltd. investor claims. Affected investors seeking PACL-related information should contact the Justice (Retd.) R. M. Lodha Committee or refer to SEBI’s public notices and status reports on its website.

Impact Justification

Routine RTI appeal dismissal with no market-wide regulatory changes; affects only the individual appellant in a PACL-related investor grievance matter.