An RTI applicant had sought information 'as to how much more time it would take for Sebi to complete the investigation in the matter of Cal Refineries' and at which stage the probe was, but the regulator declined to share any details saying that it was not a fit case for RTI Act.
The applicant then approached Sebi's Appellate Authority, which has also dismissed the appeal in an order dated July 31, saying: "There is no need to interfere with the decision of the respondent."
The appellant had filed the RTI application on June 1, to which the market regulator Sebi's Central Public Information Officer replied on June 29 that the request was in the nature of seeking time frame to complete a task and hence it is not the 'information' as per the RTI Act.
The RTI applicant had requested for "information as to how much more time it would take for Sebi to complete the investigation in the matter of Cal Refineries that is banned by Sebi vide order dated September 21, 2011."
He also wanted to know whether the investigation
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