<h1>Ex-Sebi Chair, BSE MD Seek to Quash FIR for Alleged 1994 Stock Fraud; High Court Halts Action Temporarily</h1> Former officials, including a past Sebi chairperson and the BSE Managing Director, have approached the Bombay High Court to quash a special court's order directing an FIR against them for alleged stock market fraud and regulatory violations. The High Court has temporarily restrained the Anti-Corruption Bureau from acting on the order until a hearing. The special court's decision, based on a complaint by a media reporter, accuses the officials of collusion in a fraudulent company listing in 1994. Both Sebi and the Bombay Stock Exchange have criticized the allegations, with Sebi planning legal action against the order.