Description
SEBI Appellate Authority order on RTI appeal by Richa Garg seeking information about her PACL application status and land allotment records. Appeal dismissed as information is not available with SEBI.
Summary
The SEBI Appellate Authority disposed of RTI Appeal No. 6863 of 2026 filed by Richa Garg against CPIO, SEBI, Mumbai. The appellant sought information regarding her PACL application (Reg. No. U017145xxx), specifically about land allotment status, supporting documents, and verification processes. SEBI responded that the requested information is not available with it, and the Appellate Authority upheld this response.
Key Points
- Appellant Richa Garg filed an RTI application dated April 13, 2026, seeking details about her PACL application status marked as ‘Land has been allotted as per data provided by PACL Ltd.’
- SEBI CPIO responded on April 21, 2026, stating the requested information is not available with SEBI
- Appellant filed appeal on April 24, 2026 (Reg. No. SEBIH/A/E/26/00151) contending she was refused access to information
- Appellate Authority upheld SEBI’s response, citing CIC precedent that a CPIO cannot invent information not in its possession
- Appellant’s contention that application should have been transferred under Section 6(3) of RTI Act was also addressed
Regulatory Changes
No regulatory changes. This is an individual RTI appeal order with no amendments to existing rules or guidelines.
Compliance Requirements
No new compliance requirements arising from this order. The order reaffirms that responsibility for disposal of PACL properties and repayment to investors lies with the Justice (Retd.) R. M. Lodha Committee, constituted pursuant to the Supreme Court order dated February 2, 2016.
Important Dates
- April 13, 2026: RTI application filed by appellant
- April 21, 2026: CPIO response to RTI application
- April 24, 2026: Appeal filed by appellant (Reg. No. SEBIH/A/E/26/00151)
Impact Assessment
This order has no broader market or regulatory impact. It is an individual RTI appellate proceeding concerning a PACL investor’s query about land allotment status. PACL investors seeking similar information are directed to SEBI’s website for public notices, press releases, status reports, and FAQs on PACL matters, and may approach the Lodha Committee directly for refund-related grievances.
Impact Justification
Routine RTI appeal order with no market-wide regulatory changes; affects only the individual appellant and similarly situated PACL investors seeking refund status clarification.