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 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, for four weeks, a lower court order to file a police case against Madhabi Puri Buch, the former chief of markets regulator SEBI, and five others over alleged market fraud and regulatory violations.

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,

A single bench of Justice Shivkumar Dige said the special court order of March 1 was passed mechanically without going into details and without attributing any specific role to the accused

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 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 stayed a special court order to register a first information report (FIR) against against former Securities and Exchange Board

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