The Bombay High Court will hear their pleas on March 4, 2025. Until then, the Anti-Corruption Bureau (ACB) has been asked to avoid acting on the special court order. The ACB court announced that it would oversee the investigation and requested a status report in 30 days.

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”.

A special court had directed ACB to register an FIR against Buch, Bombay Stock Exchange MD Sundararaman Ramamurthy and others for alleged stock market fraud and regulatory violations