HC Stays Order for FIR Against Buch, 5 Others

The Bombay High Court on Tuesday stayed for four weeks a special court's order directing FIR against former Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations, noting it was passed mechanically.

- Press Trust of India

MUMBAI:

A single bench of Justice Shivkumar Dige said the special court order of March 1 also did not attribute any specific role to the accused in the matter.

"After hearing all the parties concerned and after going through the order of the special court, it appears that the order is passed mechanically without going into details and without attributing any specific role to the applicants (Buch and others),"" Justice Dige said.