City
Epaper

Former NSE CEO challenges PC Act definitions in Delhi HC

By IANS | Updated: November 10, 2023 19:50 IST

New Delhi, Nov 10 Chitra Ramkrishna, ex-CEO of the National Stock Exchange (NSE), has filed a plea in ...

Open in App

New Delhi, Nov 10 Chitra Ramkrishna, ex-CEO of the National Stock Exchange (NSE), has filed a plea in the Delhi High Court challenging the definitions of 'public duty' and 'public servant' under the Prevention of Corruption Act (PC Act).

A division bench of Justice Suresh Kumar Kait and Shalinder Kaur has sought response from the Central government and the Central Bureau of Investigation (CBI), setting the hearing for December 19.

Ramkrishna has contested Sections 2(b) and 2(c)(viii) of the PC Act, arguing that they are overly broad and could wrongly implicate individuals not serving public roles.

An accused in the NSE co-location scam, Ramkrishna faces allegations of manipulating employee designations and compensation.

Senior advocate N. Hariharan, representing Ramkrishna, said that these definitions unfairly extend to private individuals, emphasising NSE's private company status under the Companies Act.

Hariharan also questioned the validity of the prosecution sanction, contending it lacks proper justification. He argued that quashing the sanction would jeopardise the special court's jurisdiction, a sentiment countered by CBI counsel Anupam S. Sharma.

Sharma cited a Supreme Court precedent, stating that even a "sprinkle of aid" from the government can classify organisation employees as public servants.

The court has asked both the parties to submit written arguments.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Entertainment‘Stephen’ blends murder mystery, trauma serving a delectable thriller

National'Wishing them success': VP Radhakrishnan congratulates Nitish Cabinet on taking oath

NationalEx-Andhra CM Jagan appears before CBI court in disproportionate assets case

BusinessLasalle College and LCI Education Global Network celebrates Appreciation Day in New Delhi to recognize Indian education partners

ThaneKalyan Student Dies by Suicide After Train Assault Over Hindi-Marathi Language Argument

National Realted Stories

NationalMadhya Pradesh: First India-Born Cheetah Mukhi Gives Birth to Five Cubs at Kuno

National'Robbers won't be spared': K'taka Minister on Rs 7.11 crore daylight heist in B'luru

National'Wonderful team, with dedicated leaders': PM Modi congratulates Bihar Ministers on taking oath

NationalUnion Minister Khattar accuses TN CM of ‘playing politics’ on Coimbatore–Madurai metro; says there are major flaws in DPRs

NationalGovt rolls out ‘SARAL SIMS’ to make steel import registration easier for MSMEs