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.

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'.

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

The Bombay High Court will hear SEBI and BSE’s challenge to an FIR against ex-SEBI chief Madhabi Puri Buch and others over regulatory violations. The case involves alleged irregularities in granting listing permission to Cals Refineries Ltd.

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 Mumbai court ordered a First Information Report (FIR) to be registered against some top officials of the Securities and Exchange Board of India (SEBI) including former SEBI Chairperson Madhabi Puri Buch.