The Bombay High Court on Monday directed the state’s Anti -Corruption Bureau not to take action on the order of a special court. The special court ordered an FIR against former SEBI chief Madhavi Puri Buch, three existing full -time members and two BSE officials.
On Monday, the High Court was requested for immediate hearing of the case in the single bench of Justice SG Digige. Now the case will be heard tomorrow on Tuesday. Till then the Anti -Corruption Bureau has been ordered not to register an FIR.
Solicitor General Tushar Mehta Buch and SEBI officials appeared on behalf of officials while former BSE chairman Pramod Aggarwal and Managing Director and CEO Sundarman Ramamurthy were present. The 1994 case is related to alleged irregularities in allowing a company listing on BSE. Yachi Sapan Srivastava has accused the stock exchanges of cheating in the list of call refineries and also said that it happened with active support from regulatory officials.
In a statement on Sunday, Sebi said that during that time the officers were not in their respective positions and the court had allowed the regulator to apply without giving any notice or facts without any notice or facts. The regulator had said, the applicant is known as a serious and habitual case, whose previous applications were rejected by the court and also fined in some cases. BSE also called it an application of serious and disturbing nature.
Trading in Calls Refineries is suspended since August 2017. In 2014, the regulator banned several directors of the company for 10 years from entering the securities market for 10 years from entering the GDR issuing.
First Published – March 3, 2025 | 10:46 pm IST
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