Ex-NSE MD seeks bail again, judge recuses

May 18, 2022 16:54

Chitra Ramkrishna

In National Stock Exchange (NSE) co-location case, Chitra Ramkrishna former managing director (MD) and chief executive officer (CEO), moved Delhi High Court seeking bail in the matter.

The bench of Justice Talwant Singh on Wednesday recused to hear the matter. Chitra Ramkrishna has approached the Delhi High Court challenging the trial court order denying her bail in the matter.

On May 12, the trial court's Judge Sanjeev Aggarwal had refused to grant bail to Chitra Ramkrishna in the matter and said, considering the gravity as well as the seriousness, enormity, and magnitude of the allegations against the accused persons, as discussed above, no ground for their bail is made out at this stage.

Both the above bail application stand dismissed. The trial court also said that "it appears that accused Chitra Ramkrishna prima facie seems to have been running the affairs of NSE akin to that of a private club; singer writer, Nobel Laureate Bob Dylan once said 'money doesn't talk, it swears', which is a song of, 1964 song album "It's Alright Ma I'm Only Bleeding", means that money not only has influence, but it has great influence, even a perverse influence on people."

"Financial world including The FIIs are waiting with bated breath for NSE to redeem itself, so that they can fly to this country for investment in droves, which is at present, a brilliant destination for investment. With regard to affairs of NSE at the relevant time, it would not be out of place to observe herein that there comes a time in a lifetime of an institution, where it finds itself at crossroads, then it should take a path which is a right path to restore its glory, rather than burying the skeletons, which may later turn into Frankenstein monsters," said the trial court judge. -- ANI

« Back to LIVE

TOP STORIES

When Will This Heat Wave End?

Sweltering conditions prevail across the land.

How Trisha Spent Her Birthday

Here's looking at how film folk spent their weekend.

Sunita Williams Heads To Space

At 8.04 am IST on Monday, May 7, 2024, Indian-origin astronaut Sunita Williams and Barry Wilmore will fly to space as the first crewed mission of Boeing's Starliner.

Meet India's Paris Olympics-bound relay teams

A low-down on the eight runners -- four men and four women -- who finished second in their qualifying heats to make the Olympic cut.

Why Karan Johar Is Upset

'I expect this from trolls and faceless and nameless people but when your own industry can disrespect someone who has been in the business for over 25 years it speaks volumes about the times we live in... this doesn't even anger me it...