SEBI's Appellate Authority dismissed an investor's RTI appeal seeking details of land allegedly allotted against his PACL fixed deposit certificates.
The authority upheld SEBI's response that the requested information on land allotment specifics is not available with the regulator.
The appellant was advised to approach the Justice Lodha Committee, which handles PACL refunds and property disposal per Supreme Court orders.
The dismissal cited a prior CIC ruling that SEBI cannot provide information it does not possess or invent it for an appellant.