The record
Written from the 1 report below. Nothing here is unsourced.
- The Supreme Court on Tuesday refused to interfere with the sanction for prosecuting former NSE managing director and CEO Chitra Ramakrishna under the Prevention of Corruption Act in the NSE co-location case.
- A bench of justices JB Pardiwala and K Vinod Chandran disposed of her challenge to a Delhi high court order that upheld the sanction granted by the NSE board.
- The court allowed Ramakrishna to raise before the trial court the question of whether she was performing a public duty and could be treated as a public servant under the PC Act.
- The case stems from the CBI's allegation that certain brokers were given preferential access to NSE's servers between 2010 and 2014, allowing them to front-run markets.
- The ruling keeps the corruption prosecution against a former NSE chief alive, with her public servant status to be tested at trial.
What to watch next
- The trial court's determination on whether Ramakrishna performed a public duty as a public servant under the PC Act.
- Evidence at trial on whether Ramakrishna was in charge of NSE's day-to-day functioning and policy decisions cited in the chargesheet.
- Progress of the CBI case against Ramakrishna and Anand Subramanian filed in 2022.
Coverage1
1 report
English national1
All filed from India
Named India · Anand Subramanian · National Stock Exchange · Central Bureau of Investigation · Chitra Ramakrishna · Delhi High Court · JB Pardiwala · K. Vinod Chandran · Securities and Exchange Board of India · Supreme Court of India
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.