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HC to ACB: No action on order for FIR against Buch, others till Mar 4
Hindustan Times Patna
|March 04, 2025
The Bombay High Court on Monday asked the ACB not to act until March 4 on an order directing it to lodge an FIR against former Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations.
MUMBAI:
Buch, BSE MD Sundararaman Ramamurthy and the others moved the HC on Monday, seeking to quash the March 1 order passed by a special court here directing the state ACB to register an FIR against them pertaining to certain allegations of fraud committed in 1994 while listing a company on the BSE.
The pleas were mentioned before a single bench of Justice S G Dige for urgent hearing.
The bench said it would hear the pleas on Tuesday and added that until then, the state Anti-Corruption Bureau (ACB), which was directed to probe the case, shall not act upon the special court order.
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