Mumbai, Mar 3 (UNI) Former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, along with five others on Monday moved the Bombay High Court, seeking to quash the recent order of a special court directing to register an FIR against them for alleged stock market fraud.
In her petition, Buch had challenged the special court order passed on a complaint made by a journalist alleging that Sebi officials had allowed the listing to proceed without adhering to the SEBI Act, 1992, as well as key regulatory frameworks such as the SEBI (ICDR) Regulations, 2018, and the SEBI (LODR) Regulations, 2015.

The complainant further accused the officials of facilitating market manipulation, insider trading, and artificial inflation of share prices, leading to significant investor losses.
The petition was mentioned before Justice S.G. Dige this morning seeking ugent hearing which he agreed to it and listed the matter for hearing on Tuesday.
Solicitor General Tushar Mehta appeared through Video Conferencing on behalf of the Sebi officials implicated in the matter, while Senior Advocate Amit Desai appeard for the two Bombay Stock Exchange (BSE) officials named in the case.
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