SEBI, BSE to challenge court order for FIR against Madhabi Puri Buch and other officials

The Securities and Exchange Board of India (SEBI) and BSE intend to challenge a Mumbai courts order for an FIR against former and current officials for alleged irregularities in listing permissions. SEBI and BSE claim the application is frivolous, and authorities are reviewing if the case should be referred to the CBI due to its implications.