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.

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

The Bombay High Court delayed an FIR against former SEBI chair Madhabi Puri Buch and others concerning alleged 1994 stock market fraud. Accused officials denied charges, seeking dismissal of a special court order they claim lacks jurisdiction.

SEBI on Sunday said it will initiate appropriate legal steps to challenge the Mumbai court order, which has allowed launching an FIR against former SEBI chief Madhabi Puri Buch, three current Whole Time Members of SEBI and two officials of the BSE.

A special Anti-Corruption court in Mumbai on Saturday directed the registration of an FIR against top officials of the Securities and Exchange Board of India (SEBI), including former Chairperson Madhabi Puri Buch,

A special ACB court in Mumbai has ordered the filing of an FIR against former SEBI chief Madhabi Puri Buch and other officials for alleged regulatory lapses and collusion related to a company's IPO listing in 1994.

A special court in Mumbai has directed the Anti-Corruption Bureau (ACB) to register a first information report (FIR) against former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations,