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.
Today, On 28th February, Actor Kangana Ranaut and lyricist Javed Akhtar reached a settlement in the long-standing defamation case. As part of the resolution, Ranaut apologized to Akhtar for any inconvenience caused. The case stemmed from her remarks linking Akhtar to a larger conspiracy, which he denied. This settlement brings an end to their legal dispute, avoiding further courtroom proceedings.
NEW DELHI: The Supreme Court of India today, 12th Feb has dismissed the plea of Indrani Mukerjea, who is accused in the Sheena Bora murder case, challenging a Bombay High Court decision that denied her permission to travel abroad. The court directed that the trial proceedings be completed within a year.
A special court in Pudukkottai accepted the CB-CID report stating that three Dalits were responsible for contaminating drinking water with human Waste. The report ruled out any caste-related motive in the incident. As a result, the case was transferred to a different court for further proceedings. The ruling dismisses allegations of caste-based atrocity in the matter.
A Karnataka court accepted the closure report in the bribery case involving Chief Minister Siddaramaiah. The case was based on allegations that Siddaramaiah misused his position to influence the allocation of plots by the Mysore Urban Development Authority (MUDA). After investigation, authorities found insufficient evidence to proceed.
Bhawani Singh Rajawat, a former Rajasthan MLA and BJP leader, has been given a three-year jail sentence for slapping a forest officer. The punishment comes after an argument where Rajawat hit the officer. He has said he will appeal the decision in the High Court. This case shows that even public leaders can be held accountable for their actions.
Finance Minister Nirmala Sitharaman reported in the Lok Sabha that the Enforcement Directorate (ED) has recovered Rs 22,280 crore in illicit assets, aiding public sector banks and defrauded investors. Key recoveries include Rs 14,132 crore from Vijay Mallya and Rs 1,053 crore from Nirav Modi. The government remains committed to combating economic offenses.