India, Dec. 28 -- A special court for cases under the Anti-Corruption Bureau (ACB) has allowed the National Stock Exchange (NSE) to intervene in proceedings against the former chairperson of the Securities and Exchange Board of India (Sebi), Madhabi Puri Buch, other Sebi officials and NSE functionaries.

The order, passed by Special Judge Abhijeet A Nandgaonkar, permitted NSE to participate in the proceedings, holding that the exchange's involvement is necessary to place the "true and correct facts" before the court.

The proceedings arise from a complaint filed by Dombivali resident Sapan Shrivastava, who has named as respondents several senior individuals associated with market regulation and governance, including Buch, other SEBI offic...