business ⚖️ SC rejects Chitra Ramkrishna's plea in co-location scam
The Supreme Court refused to hear Chitra Ramkrishna's plea challenging the Delhi High Court's order in the co-location scam case. The former NSE managing director contested the High Court's July 9 verdict regarding anti-corruption law offenses against her. The High Court had ruled the NSE performs a "public duty" and upheld the prosecution sanction for Ramkrishna. Ramkrishna argued the PC Act's "public servant" definition was vague and inapplicable to private company employees. This decision comes as the scam relates to alleged broker abuse between 2010 and 2014. ⚖️