The Bombay High Court will hear their pleas on March 4, 2025. Until then, the Anti-Corruption Bureau (ACB) has been asked to avoid acting on the special court order. The ACB court announced that it would oversee the investigation and requested a status report in 30 days.

Special court orders FIR against former SEBI chairperson and officials for stock market fraud, regulatory violations, requiring impartial probe.

The Anti-Corruption Bureau (ACB) was directed not to proceed with lodging an FIR against ex-SEBI chairperson Madhabi Puri Buch and five other officials.

The Bombay High Court will hear SEBI and BSE’s challenge to an FIR against ex-SEBI chief Madhabi Puri Buch and others over regulatory violations. The case involves alleged irregularities in granting listing permission to Cals Refineries Ltd.

Responding to the court's order, SEBI said that it would initiate "appropriate legal steps to challenge this order", adding that it "remains committed to ensuring due regulatory compliance in all matt

The Bombay High Court delayed an FIR against former SEBI chair Madhabi Puri Buch and others concerning alleged 1994 stock market fraud. Accused officials denied charges, seeking dismissal of a special court order they claim lacks jurisdiction.

Reacting to the court’s order, SEBI, in a statement said it "would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters".

The special PMLA court had directed ACB, Mumbai, to file an FIR against ex-Sebi chief Madhabi Puri Buch and five others.

SEBI on Sunday said it will initiate appropriate legal steps to challenge the Mumbai court order, which has allowed launching an FIR against former SEBI chief Madhabi Puri Buch, three current Whole Time Members of SEBI and two officials of the BSE.

The Securities and Exchange Board of India (SEBI) has announced that it will take “appropriate legal steps” to challenge an Anti-Corruption Bureau (ACB) court order directing the registration of a First Information Report (FIR) against former SEBI chairperson Madhabi Puri Buch and five other officials over alleged stock market fraud and regulatory violations.

An FIR has been filed against former SEBI Chief Madhabi Puri Buch and five other officials in connection with alleged stock market fraud. The case involves accusations of financial misconduct and regulatory violations.