TMC MP Mahua Moitra moves Supreme Court seeking SEBI disclosure of Ultimate Beneficial Owners and portfolios of FPIs and AIFs to prevent market risks. Court allows her to file affidavit and keeps legal remedies open.
The Lokpal of India has dismissed all complaints against former SEBI Chairperson Madhabi Puri Buch regarding the Hindenburg matter, deeming the allegations baseless and speculative. The anti-corruption body found no credible evidence to warrant an investigation, criticizing the complainants for filing frivolous claims aimed at sensationalism.
The Delhi High Court has issued a contempt notice to BluSmart, Gensol, and others for allegedly violating a court order regarding 10 Tata Tigor EVs. Shefasteq claims the companies obstructed efforts to locate the vehicles and failed to provide required information. Legal proceedings involving Gensol have escalated amid serious allegations from SEBI.
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.
Today, On 3rd March, Former SEBI Chairperson Madhabi Puri Buch and other officials have approached the Bombay High Court seeking to quash the FIR in a listing fraud case. The matter was mentioned before Justice SG Dige and is expected to be heard tomorrow. The FIR was filed following a special court’s directive to investigate alleged stock market fraud and regulatory violations. SEBI has opposed the order, calling it baseless and arguing that it was not given a chance to present its defense.
SEBI has decided to challenge the court’s order to file an FIR against its former chief and officials. The board argues that the case is based on a weak petition and that the court did not hear its side. SEBI insists that the allegations are not strong enough for such action. It plans to contest the order legally.
