Mumbai Court Orders FIR Against Former SEBI Chief Madhabi Puri Buch and Others for Alleged…

abled corporate fraud by allowing the listing of the company. SEBI Response Responding to the order, SEBI alleged that the officials were not holding their respective positions at the relevant point of time. SEBI also claimed that the court had allowed the application without allowing the regulatory body to place the facts on record. SEBI also stated that the applicant is known to be a frivolous and habitual litigant, with previous applications being dismissed by the court, with imposition of costs in some cases. Also Read | ‘I Know Where to Tighten the Nuts and Bolts’: DK Shivakumar Explodes Over Low Celebrity Turnout at Film Festival Court Directs Status Report Within 30 Days The court has also directed the ACB to register the FIR under relevant provisions of the Prevention of Corruption Act, the SEBI Act, the Indian Penal Code (IPC), and other applicable laws. The probe will be monitored by the special court, and a status report should be submitted to it within 30 days. Get Current Updates on India News, Entertainment News along with Latest News and Top Headlines from India and around the world.