Bombay High Court Relief For Ex-SEBI Chief Madhabi Buch In Alleged Market Fraud Case
The Bombay High Court on Tuesday stayed, for four weeks, a lower court order to file a police case against Madhabi Puri Buch, the former chief of markets regulator SEBI, and five others in connection with alleged market fraud and regulatory violations.
A single bench of Justice Shivkumar Dige said the special court order of March 1 had been passed mechanically without going into details or attributing specific roles to the accused.
