Bombay HC Stays FIR Against Ex-SEBI Chief

• The Bombay High Court has temporarily stayed a special court's order to file an FIR against former SEBI Chairperson Madhabi Puri Buch and five other officials.
• Justice Shivkumar Dige noted that the special court's order was passed mechanically without detailing specific roles for the accused.
• The case involves allegations of stock market fraud and regulatory violations dating back to a 1994 company listing on the Bombay Stock Exchange.
• The special court's order was based on a complaint by media reporter Sapan Shrivastava, which SEBI has dismissed as frivolous.
• The High Court has given Shrivastava four weeks to file an affidavit in response to the petitions challenging the special court's directive.

Source: Abp News, News 18, Business News India, Ndtv, Hindustan Times, Times Now News, The Hindu, Moneycontrol, The Economic Times, Hindustan Times