The Delhi High Court ruled that SEBI cannot withhold its investigation report when it forms the basis of criminal prosecution. Denying such documents, the Court held, violates the accused’s right to a fair trial under Article 21.
Today, On 4th March, The Bombay High Court stayed the order directing the registration of an FIR against former SEBI chief Madhabi Buch and two others. Justice SG Dige granted the relief after they challenged the directive in court. The case involves allegations that prompted legal scrutiny of regulatory decisions. The stay provides temporary relief as the matter undergoes further judicial review.
