Overview
- The Supreme Court on Tuesday refused to entertain Chitra Ramkrishna’s appeal and allowed lower-court proceedings to continue while saying she can raise the ‘public servant’ issue before the trial court.
- The CBI’s 2022 chargesheet, which remains operative, names Ramkrishna and Anand Subramanian and alleges that between 2010 and 2014 certain brokers got preferential low-latency access to NSE servers.
- The Delhi High Court in July 2026 found that the National Stock Exchange performs a public duty and upheld the NSE board’s sanction to prosecute Ramkrishna, leaving factual questions about her role to trial.
- Ramkrishna was arrested by the CBI on March 6, 2022 and granted bail in September 2022, and she argues the NSE is a private company so the PC Act should not apply to her.
- The trial court must now decide both factual claims about co-location access and the legal threshold for treating private exchange officials as public servants, a decision that could shape anti‑corruption enforcement for critical financial infrastructure.