Delhi HC – NSE Discharges Public Duty for Prevention of Corruption Act
The petitioner was the Chief Executive Officer and the Managing Director of the National Stock Exchange from 2013 to 2016.
After investigation, the charge sheet was filed against the petitioner being a public servant had entered into a criminal conspiracy and granted preferential access to certain brokers.
The petitioner has also challenged the constitutional validity of Section 2(c)(viii) and Section 2(b) of the PC Act, on the ground that the said provisions are vague, arbitrary, and unconstitutional insofar as they are made applicable to private persons employed by a private company.
The expressions “public servant” and “public duty” must, therefore, be given a broad interpretation, so as to include those who may not be public servants in the traditional sense, but whose actions affect the public at large.
public interest objectives of the NSE are also highlighted in its Memorandum of Association, which requires the officials of NSE to perform their functions in the interest of the public and with a high standard of integrity, honor, transparency and openness.
Judgment dated 9.7.2026 of the High Court of Delhi in W.P. (Criminal) No.3343 of 2023 of Chitra Ramakrshna Vs. Union of India and others
