Chairperson Madhabi Puri Buch, along with Bombay Stock Exchange (BSE) Managing Director Sundararaman Ramamurthy and four other officials, have approached the Bombay High Court (HC) to quash a special court’s recent order that directed the registration of an FIR against them for alleged stock market fraud and regulatory violations,

Madhabi Puri Buch, along with five others on Monday moved the Bombay high court, seeking to quash the recent order of a special court directing an FIR against them for alleged stock market fraud. The Bombay high court will be hearing their pleas on March 4,

This comes after SEBI issued a statement stating that it would take legal action against the said ruling. It also dismissed the complaint as coming from a “frivolous and habitual litigant”.

Madhabi Puri Buch, S. Ramamurthy and four other officials on Monday moved the Bombay High Court, looks to quash a special court order directing FIR against them for alleged stock market fraud

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

After a Mumbai court ordered an FIR against Madhabi Puri Buch and top Sebi officials, the former Sebi chairperson moves Bombay HC to quash the order.

There is prima facie evidence of regulatory lapses and collusion, requiring a fair and impartial probe, the special ACB court judge, Shashikant Eknathrao Bangar, said in the order passed on Saturday. The court said it will monitor the probe and sought a status report within 30 days.

According to sources, the ex-SEBI Chiefs departure was met with a sense of relief among SEBI employees, reportedly due to long-standing dissatisfaction with her leadership.

A Mumbai court ordered an FIR against former Sebi chief Madhabi Puri Buch, two BSE officials, and others based on a complaint deemed frivolous by Sebi and BSE. The allegations involve irregularities in a company's 1994 listing.

Responding to the order, the SEBI has said in a statement that it “would be initiating appropriate legal steps to challenge this order”.

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.