Description

RTI appellate order dismissing Suram Singh's appeal regarding discrepancy in PACL India Limited refund claim amount. SEBI confirmed the requested information is not available with SEBI.

Summary

The Appellate Authority under the Right to Information Act, 2005 dismissed the appeal filed by Suram Singh (Appeal No. 6818 of 2026) against CPIO, SEBI, Mumbai. The appellant sought information regarding his PACL India Limited refund claim (Claim ID: U058294xxx), specifically about an alleged discrepancy where the recorded claim amount was ₹19,999 instead of the actual invested amount of approximately ₹1,99,999. SEBI’s CPIO had responded that the requested information is not available with SEBI.

Key Points

  • Appellant filed RTI application on March 15, 2026 seeking details about his PACL refund claim
  • CPIO responded on March 17, 2026 stating the information is not available with SEBI
  • Appellant filed appeal on March 27, 2026 (Reg. No. SEBIH/A/P/26/00020), received April 2, 2026
  • Appeal was filed on grounds of incomplete, misleading or false information
  • Appellate Authority upheld CPIO’s response, finding no deficiency
  • The Justice (Retd.) R.M. Lodha Committee is responsible for disposal of PACL properties and repayment to investors

Regulatory Changes

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

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

  • March 15, 2026: RTI application filed by appellant
  • March 17, 2026: CPIO response issued
  • March 27, 2026: Appeal filed by appellant
  • April 2, 2026: Appeal received by Office of Appellate Authority
  • February 2, 2016: Original Supreme Court order constituting the Justice Lodha Committee

Impact Assessment

This order has no market or operational impact. It is a routine RTI appellate decision affecting only the individual appellant. Investors with PACL refund queries are directed to the Justice (Retd.) R.M. Lodha Committee and the publicly available information on the SEBI website. The order reinforces the established position that SEBI does not hold PACL investor-specific claim data, which resides with the Lodha Committee.

Impact Justification

Individual RTI appeal with no broader market impact; concerns a single investor's PACL refund claim discrepancy. SEBI confirmed it does not hold the requested information; matter is handled by the Justice Lodha Committee.