Former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, along with Bombay Stock Exchange (BSE) Managing Director Sundararaman Ramamurthy and four other officials, have approached the Bombay High Court (HC) to quash a special court’s recent order that directed the registration of an FIR against them for alleged stock market fraud and regulatory violations, PTI reported.

The petitions were presented before Justice SG Dige of HC on Monday for urgent hearing. The bench decided to hear the pleas on Tuesday, issuing an interim order instructing that the state Anti-Corruption Bureau (ACB), which was directed by the special court to investigate the case, should not take any action based on the court's order until the next hearing.