The SEBI Appellate Authority disposed of RTI Appeal No. 6832 of 2026 filed by Kedar Nath Yadav against the CPIO, SEBI, Mumbai. The appellant sought detailed records related to his PACL refund claim (Registration No. U028140xxx), which was classified as ‘could not be processed due to Land Already Allotted’. SEBI’s CPIO responded that the requested information is not available with SEBI, and the Appellate Authority upheld this response, finding no deficiency in the reply.

Key Points

• Appellant filed RTI application on April 07, 2026 seeking documents related to his PACL claim status classified as ‘Land Already Allotted’
• CPIO responded on April 08, 2026 stating the requested information is not available with SEBI
• Appellant filed appeal on April 09, 2026 (Reg. No. SEBIH/A/E/26/00132) on grounds of refusal of information
• Appellate Authority cited CIC precedent (Sh. Pattipati Rama Murthy vs. CPIO, SEBI, July 8, 2013): SEBI cannot invent information it does not possess
• Responsibility for PACL property disposal and investor repayment rests with the Justice (Retd.) R. M. Lodha Committee
• PACL-related public notices, press releases, status reports, and FAQs are available on the SEBI website

Regulatory Changes

No regulatory changes introduced. This is a case-specific RTI appellate order with no amendments to existing regulations.

Compliance Requirements

No new compliance requirements. PACL claimants with ‘Land Already Allotted’ status issues should direct their queries and grievances to the Justice (Retd.) R. M. Lodha Committee rather than SEBI, as SEBI does not hold the underlying claim verification records.

Important Dates

• April 07, 2026: Original RTI application filed by appellant
• April 08, 2026: CPIO response issued
• April 09, 2026: Appeal filed (Reg. No. SEBIH/A/E/26/00132)

Impact Assessment

This order has no market-wide impact. It clarifies, consistent with prior CIC rulings, that SEBI does not hold granular PACL claim verification records and cannot be compelled to produce information it does not possess. PACL investors facing similar claim classification disputes must approach the Lodha Committee directly. The order serves as informational precedent for other RTI applicants seeking PACL-related documents from SEBI.