The Supreme Court refused to hear a PIL seeking a probe into Viceroy Research’s fraud allegations against Vedanta, with Solicitor General warning of foreign short-sellers misusing Indian courts. The petitioner later withdrew the case after the Bench showed disinclination.
The Bombay High Court has extended the interim stay on an order directing an FIR against former SEBI chairperson Madhabi Puri Buch and five others over alleged stock market fraud from 1994. The court criticized the original order as lacking specificity and is allowing the accused time to review the complaint details.
