Bombay High Court stays session court's order incriminating Madhabi Buch, others
PTC News Desk: In a major relief to Madhabi Buch, the Bombay High Court has stayed the order of Mumbai session court's order which directed it to register an FIR against former Securities and Exchange Board of India (SEBI) and Bombay Stock Exchange (BSE) officials, until Tuesday.
A bench of Justice Shivkumar Dige issued this directive after Solicitor General Tushar Mehta and senior counsel Amit Desai mentioned some petitions for urgent hearing, which were still in the process of being filed on Monday morning.
The counsels representing SEBI and BSE officials tabled their arguments citing that the directive issued by the session court was legally unsustainable since the respondents -- officials named in the complaints -- had not even been issued a notice.
- PTC NEWS
