Tag Archives: Madhabi Puri Buch

Former Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch, along with five others, has approached the Bombay High Court seeking to quash a special court’s order directing the registration of an FIR against them for alleged stock market fraud.

The Securities and Exchange Board of India (SEBI) has announced that it will challenge a special court's directive to file a First Information Report (FIR) against its former chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory lapses. The market regulator contends that the court acted on a "frivolous" petition and did not provide SEBI an opportunity to present its case.