The Bombay High Court stayed a special court order directing the registration of an FIR against ex-SEBI chairperson Madhabi Puri Buch and five officials for alleged stock market fraud and regulatory violations,

The Bombay High Court on Tuesday granted a four-week stay on a special court’s order directing the registration of an FIR against former Sebi chief Madhabi Puri Buch and five others over alleged stock market fraud and regulatory violations.

The Bombay High Court on Tuesday put a four-week hold on a special court's order which had directed the Anti-Corruption Bureau (ACB) to file an FIR against former SEBI Chairperson Madhabi Puri Buch and five other officials.

Desai contended that the special court failed to examine the petitioner or conduct a proper inquiry into what he described as a “malafide” matter. Desai also noted that while Sebi, in response to an RTI filed by the petitioner,

Madhabi Puri Buch, BSE MD Sundararaman Ramamurthy and the others moved the high court, seeking to quash the March 1 order passed by a special court.

The Bombay High Court on Tuesday stayed for four weeks a special court's order directing FIR against former Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations,

The Bombay High Court on Tuesday stayed the order issued by a special court in Mumbai to register an FIR against former Securities and Exchange Board of India chief Madhabi Puri Buch and other officials in an alleged corruption case. The single-judge high court bench, led by Justice SG Dige, will hear the matter again after four weeks.

The Bombay High Court on Tuesday imposed a four-week stay on a special court’s directive instructing the Anti-Corruption Bureau (ACB) to register an FIR against former SEBI Chairperson Madhabi Puri Buch and five other officials.

A single-judge bench of justice SG Dige asked Maharashtra’s Anti-Corruption Bureau (ACB) to not act on the order until March 4, when the case will be heard by the high court