Bombay High Court quashes order directing FIR against former SEBI officials
The Bombay High Court set aside the special PMLA court's order directing the Anti-Corruption Bureau to register an FIR against former SEBI officials, citing the absence of a cognisable offence.
Explanation in simple terms
- What:
- The Bombay High Court cancelled a lower court order that required police to start a criminal investigation.
- Who:
- The Bombay High Court is the court; the special PMLA court is the lower court; the Anti-Corruption Bureau is the police agency; Madhabi Puri Buch and former SEBI officials are the individuals named in the matter.
- When:
- Reported on 8 Jul 2026.
- Where:
- Mumbai, Maharashtra.
- Why:
- The court decided there was no clear evidence of a serious crime that requires immediate police action.
- What it means:
- The order for the police to register a formal criminal case against these officials is now cancelled.
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