Bombay HC stays ‘mechanical’ order for FIR on Buch in 1994 case

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Times of India 19h ago

Bombay HC stays ‘mechanical’ order for FIR on Buch in 1994 case - Times of India

Quick Summary:

The Bombay High Court stayed a special court order directing the registration of an FIR against ex-SEBI chairperson Madhabi Puri Buch and five officials for alleged stock market fraud and regulatory violations, noting the order was passed mechanically.

The High Court has given four weeks to the complainant to file his affidavit in reply to the petitions.

Pasbola added that the court order seemed to have more penal sections than were even mentioned in the original complaint.