Bombay HC stays FIR order against ex-Sebi chief in stock market ‘fraud’ case
The Bombay High Court stayed a special court’s order for an FIR against ex-SEBI chairperson Madhabi Puri Buch and five others for alleged regulatory violations. Justice Shivkumar Dige highlighted the lack of specific allegations. Four weeks are given for a reply affidavit. The case involves allegations of fraud related to a 1994 BSE company listing.
The Bombay High Court stayed a special court’s order for an FIR against ex-SEBI chairperson Madhabi Puri Buch and five others for alleged regulatory violations. Justice Shivkumar Dige highlighted the lack of specific allegations. Four weeks are given for a reply affidavit. The case involves allegations of fraud related to a 1994 BSE company listing.
