The Bombay High Court on Tuesday put a four-week hold on a special court's order which had directed the Anti-Corruption Bureau (ACB) to file an FIR against former SEBI Chairperson Madhabi Puri

Desai contended that the special court failed to examine the petitioner or conduct a proper inquiry into what he described as a “malafide” matter. Desai also noted that while Sebi, in response to an RTI filed by the petitioner,

The HC's judgement came on petitions filed by Buch, three current whole-time SEBI directors - Ashwani Bhatia, Ananth Narayan G and Kamlesh Chandra Varshney and two BSE officials - Managing Director and Chief Executive Officer Ramamurthy and its former chairman and public interest director Pramod Agarwal.