# Delhi High Court rejects CBI plea against bail to ex-NSE chief Chitra Ramkrishna

2026-09-23T06:46:52+00:00 | Governance | Indian Opinion Desk

Corroboration: 2 independent outlets

The Delhi High Court on Wednesday dismissed the CBI's petition challenging the bail granted to former National Stock Exchange managing director and CEO Chitra Ramkrishna in the alleged illegal phone-tapping case. Justice Madhu Jain rejected the CBI's plea against the trial court's December 22, 2022 order that granted her bail. A detailed copy of the high court's order is awaited. The case involves allegations that senior NSE officials, including Ramkrishna, conspired with iSec Services Pvt Ltd to illegally intercept phone calls of NSE employees. The CBI's FIR claimed the officials conspired with iSec to cheat NSE and its employees, and the company was hired for the interception. Ramkrishna's bail remains in place pending the detailed order. This phone-tapping case is separate from the co-location case where Ramkrishna faces proceedings under the Prevention of Corruption Act. On September 16, the Supreme Court rejected her appeal against her categorisation as a public servant under the anti-corruption law in that case. The co-location case concerns alleged improper dissemination of information from NSE servers to select stockbrokers between 2010 and 2014.

## Indian Opinion Analysis

Both outlets report the same facts: the Delhi High Court rejected the CBI's bail challenge. Economic Times adds context on Ramkrishna's separate co-location case and the Supreme Court's September 16 ruling. New Indian Express keeps the story tighter to the phone-tapping case alone. This difference means Economic Times readers get a broader picture of her legal troubles, while New Indian Express focuses purely on the fresh relief. The balanced reading is that the bail stands, but her co-location case, where the Supreme Court rejected her challenge on public servant status, remains active before the trial court.

## Coverage

- economictimes.indiatimes.com (neutral report) <https://economictimes.indiatimes.com/news/india/ex-nse-chief-chitra-ramkrishna-gets-relief-as-delhi-hc-rejects-cbi-plea-against-bail/articleshow/134427101.cms>
  Leads with relief, adds context on co-location case and Supreme Court order
- newindianexpress.com (neutral report) <https://www.newindianexpress.com/cities/delhi/2026/Sep/23/delhi-hc-rejects-cbi-plea-against-bail-to-ex-nse-chief-chitra-ramkrishna-in-phone-tapping-case-2>
  Straight court ruling report without extra legal context

Tags: CBI, Chitra Ramkrishna, Delhi High Court, iSec Services Pvt Ltd, National Stock Exchange, Prevention of Corruption Act
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