Delhi High Court Seeks CBI's Stand On Former NSE Boss's Bail Plea In Co-Location Case
NDTV
The trial court had dismissed the bail plea of the former NSE boss on May 12 and said that no ground for bail was made out at this stage.
The Delhi High Court on Friday sought a response from the Central Bureau of Investigation (CBI) on the bail plea by former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in connection with the co-location case. Justice Sudhir Kumar Jain issued notice on the bail application and listed the case for further hearing on May 31.
The trial court had dismissed the bail plea of the former NSE boss on May 12 and said that no ground for bail was made out at this stage. The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to stockbrokers.
An FIR in this case was registered in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange.
The CBI had arrested Ms Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by the court. She was remanded to judicial custody on March 14 by the trial court after the expiry of her 7-day CBI custody.
