A single-judge bench of justice SG Dige asked Maharashtra’s Anti-Corruption Bureau (ACB) to not act on the order until March 4, when the case will be heard by the high court

SEBI is set to challenge a court order for FIR against ex-chairperson Madhabi Puri Buch over alleged stock market fraud. The BSE also dismissed the allegations, calling the application “frivolous.”

SEBI and BSE said the complaint pertains to the listing of a company in 1994, and the officials named did not hold those capacities back then

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'.

Reacting to the court’s order, SEBI, in a statement said it "would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters".

An FIR has been filed against former SEBI Chief Madhabi Puri Buch and five other officials in connection with alleged stock market fraud. The case involves accusations of financial misconduct and regulatory violations.

The Securities and Exchange Board of India (SEBI) announced on Sunday that it would take legal steps to challenge a Mumbai court order directing the registration of a First Information Report (FIR) against its former Chairperson Madhabi Puri Buch,

SEBI is set to challenge the Mumbai Court corruption probe FIR order on ex-Chief Madhabi Puri Buch, and five other officials, according to an official statement on Sunday, March 2.

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.