The Sebi, in a statement on Sunday, said it 'would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters'.

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,

Bombay High Court halts ACB action against SEBI officials accused of stock market fraud until further hearing.

Chairperson Madhabi Puri Buch and two others have approached the Bombay High Court to quash an order passed by a Mumbai court on Saturday directing the Anti-Corruption Bureau (ACB) to register a first information report (FIR) against them in a listing fraud case.

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”.

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

The order was issued by Special Judge SE Bangar on a petition filed by a RTI-journalist. The complaint accuses Sebi officials of facilitating market manipulation and enabling corporate fraud by allowing the listing of Cals Refineries, which got liquidated in 2019.

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.

Bombay High Court on March 3 agreed to grant urgent hearing to pleas of SEBI, BSE against FIR order in Cals Refineries case. High Court issued oral directions restraining registration of FIR till hearing of pleas on March 4, reported CNBC-TV18.

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.