Delhi High Court: No RTI Disclosure of SEBI’s Internal Investigations

The Delhi High Court has held that details of internal investigations conducted by SEBI are exempt from disclosure under the Right to Information Act, 2005.

The ruling came in a case where an appellant, after alleging irregular share allocation to related parties, sought information on SEBI’s insider trading probe.

SEBI had declined the request, arguing that sharing such information could compromise the investigation process.

Upholding this stance, the court ruled that probe details cannot be disclosed while inquiries are ongoing, reinforcing the principle that transparency must not undermine regulatory investigations.

[Srishti Rustagi v. SEBI]