The high Court bench noted that the order was passed mechanically without going into the details and also without attributing any specific role to the accused.

The Bombay High Court (HC) on Tuesday stayed for four weeks a special court`s order directing the registration of a first information report (FIR) against former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and five other officials over accusations of stock market fraud and regulatory violations,

A single judge bench led by Justice Shivkumar Dige stated that the special court's ruling from March 1 was issued “mechanically”.