Co-location scam case: Supreme Court refuses to entertain Chitra Ramkrishna's plea challenging HC order

The Supreme Court on September 15, 2026, declined to hear former National Stock Exchange (NSE) managing director Chitra Ramkrishna's appeal against a Delhi High Court order that took cognizance of offences under the anti-corruption law in the co-location scam case against her. During the hearing, senior advocate Balbir Singh argued that NSE, as a private company, could not be deemed to have performed a public duty, but the Supreme Court's bench dismissed this point, stating it could be raised before the trial court.

The High Court had upheld the NSE's decision to prosecute Ramkrishna, stating that the definition of 'public servant' under the Prevention of Corruption (PC) Act was not vague and uncertain enough to be unconstitutional, and that the NSE performs vital economic functions in the public interest. The co-location scam involved alleged abuse of the algorithm and co-location facility by certain brokers in conspiracy with unknown officials, resulting in windfall profits between 2010 and 2014 while Ramkrishna was managing NSE's affairs.

Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.