Curbing High Court petitions and expanding political appointments: Smotrich's judicial coup plan

On September 15, 2026, the Supreme Court declined to hear former NSE managing director Chitra Ramkrishna's appeal against a Delhi High Court order taking cognizance of offences under the anti-corruption law in the co-location scam case against her. Her plea was heard by a bench consisting of Justices J B Pardiwala and K Vinod Chandran.

Senior advocate Balbir Singh argued for Ms. Ramkrishna, asserting that NSE, as a private company, cannot be held responsible for public duties. The High Court had previously ruled that NSE performed a public duty and, as its CEO and managing director, Ramkrishna also fulfilled a duty and function in which the public had a stake.

The court dismissed her argument, stating that the definition of "public servant" under the PC Act was not vague or uncertain to the extent of being unconstitutional. The co-location scam involves alleged misuse of the algorithm and co-location facility by brokers in collusion with unknown officials to generate profits between 2010 and 2014 while Ramkrishna was managing NSE.