New Delhi, March 3 -- The Bombay High Court has granted an urgent hearing for SEBI and BSE's challenge against an FIR involving allegations against ex-SEBI chief Madhabi Puri Buch and five other officials over regulatory violations and stock market violations, according to a CNBC TV-18 report.

On Saturday, March 1, a special Anti-Corruption Bureau (ACB) court in Mumbai ordered the registration of an FIR against the former SEBI Chief, three current full-time directors, and two officials over alleged involvement in an irregularity in granting listing permission to Cals Refineries Ltd, reported PTI. The order was passed by Special ACB court judge Shashikant Eknathrao Bangar.

Apart from Buch, the officials named in the case are BSE Managing...