Mumbai: The Bombay High Court has asked the ACB not to act until March 4 on an order directing it to lodge an FIR against former Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations.
Buch, Bombay Stock Exchange MD Sundararaman Ramamurthy and the others moved the HC on Monday, seeking to quash the March 1 order passed by a special court here directing the state ACB to register an FIR against them pertaining to certain allegations of fraud committed in 1994 while listing a company on the BSE.
The pleas were mentioned before a single bench of Justice S G Dige for urgent hearing which said it would hear the pleas on Tuesday and added that until then, the state Anti-Corruption Bureau (ACB), which was directed to probe the case, shall not act upon the special court order.
Solicitor General Tushar Mehta appeared for Buch and three current whole time SEBI directors – Ashwani Bhatia, Ananth Narayan G and Kamlesh Chandra Varshney.
C’garh govt presents Rs 1.65 lakh cr budget for FY26
Reporters Today
Raipur: The Chhattisgarh government on Monday presented a Rs 1,65,000 crore budget for the fiscal 2025-26, proposing substantial funding for welfare schemes related to women, food security, while allocating Rs 10,000 crore for boosting farm prosperity.
Finance Minister OP Choudhary, presenting the budget in the assembly, declared it is based on the theme of ‘GATI’, focusing on Good Governance, Accelerating Infrastructure, Technology and Industrial Growth.
Cess on stamp duty on immovable property transactions will be removed, while a survey will be undertaken for inter-linking key rivers in the state, he said.
Choudhary said while the previous year’s budget laid a strong foundation for inclusive development, the current one has presented the next step in that growth journey.
Highlighting the new initiatives, the minister said Mukhyamantri Mobile Tower Scheme will be launched to provide cellphone connectivity in remote areas and fund will be allocated under Mukhyamantri Parivahan Yojana to provide transport services from gram panchayat to block and district level in areas where public transport is not available due to low population density.
A major highlight of the Budget is the allocation of Rs 10,000 crore for the Krishak Unnati Yojana, aimed at boosting agricultural prosperity, alongside the allocation of Rs 8,500 crore for Pradhan Mantri Awas Yojana (Gramin) to upgrade rural housing, he said.
