{"id":41936,"date":"2022-05-12T14:12:59","date_gmt":"2022-05-12T08:42:59","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=41936"},"modified":"2022-05-12T14:21:38","modified_gmt":"2022-05-12T08:51:38","slug":"dl-court-nse-7","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/dl-court-nse-7\/","title":{"rendered":"NSE co-location case: Delhi court dismisses bail pleas of Chitra Ramkrishna, Anand Subramanian"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1645317931\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A Delhi court on Thursday dismissed the bail applications of the National Stock Exchange\u2019s (NSE) former boss Chitra Ramkrishna and group operating officer Anand Subramanian in the co-location case.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2408389706\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Denying the relief, Special Judge Sanjeev Aggarwal said there was no sufficient ground to grant them bail. The court reserved its order after hearing arguments from Arshdeep Singh, advocate of the accused, as as well the prosecution.<\/p>\n<p>Earlier, the Central Bureau of Investigation (CBI) had opposed their bail applications saying they could influence the witnesses and tamper with the evidence. It said the nature and gravity of the offence was \u201cquite severe and had far-reaching repercussions on the financial stability\u201d.<\/p>\n<p>An FIR in this case was registered in May 2018, amid fresh revelations about irregularities at the country&#8217;s largest stock exchange.<\/p><div class=\"trade-content_5\" id=\"trade-4161084073\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to the stock brokers.<\/p>\n<p>Earlier, the Securities and Exchange Board of India (SEBI) has penalised the NSE, Ramakrishna, Ravi Narain, and two other officials for lapses in recruitment at the senior level.<\/p>\n<p>Narain was NSE\u2019s managing director and CEO from April 1994 to March 2013, while Ramkrishna was the MD and CEO of the NSE from April 2013 to December 2016.<\/p>\n<p>The CBI has also alleged that that the NSE and its top executives violated securities contract norms relating to the appointment of Anand Subramaniam as the group operating officer and advisor to the managing director. PTI UK CJ CJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-3745090849\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A Delhi court on Thursday dismissed the bail applications of the National Stock Exchange\u2019s (NSE) former boss Chitra Ramkrishna and group operating officer Anand Subramanian in the co-location case. Denying the relief, Special Judge Sanjeev Aggarwal said there was no sufficient ground to grant them bail. The court reserved its order after hearing arguments from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31,1789],"tags":[],"class_list":["post-41936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NSE co-location case: Delhi court dismisses bail pleas of Chitra Ramkrishna, Anand Subramanian - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/dl-court-nse-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSE co-location case: Delhi court dismisses bail pleas of Chitra Ramkrishna, Anand Subramanian\" \/>\n<meta property=\"og:description\" content=\"A Delhi court on Thursday dismissed the bail applications of the National Stock Exchange\u2019s (NSE) former boss Chitra Ramkrishna and group operating officer Anand Subramanian in the co-location case. Denying the relief, Special Judge Sanjeev Aggarwal said there was no sufficient ground to grant them bail. 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