The Delhi High Court has dismissed Chitra Ramkrishna's plea challenging the definitions of 'public duty' and 'public servant' under the Prevention of Corruption Act, allowing the case to move forward.
Delhi HC Allows NSE Scam Case Against Chitra Ramkrishna to Proceed
The Delhi High Court has ruled that the case against former NSE CEO Chitra Ramkrishna under the Prevention of Corruption Act (PC Act) can proceed. The court rejected Ramkrishna's challenge to the definitions of 'public duty' and 'public servant.'
Justices Navin Chawla and Ravinder Dudeja emphasized that the National Stock Exchange performs a public duty, and as the Managing Director and CEO, Ramkrishna cannot be distanced from the public functions of the NSE.
This ruling has significant implications for the legal definitions surrounding public service in regulatory bodies and may affect similar cases involving financial institutions. Practitioners should take note of the court's stance as it reaffirms the accountability of public servants in the context of corruption allegations.
Citations
- State v. Chitra Ramkrishna (2026) DHC
