Justice Sudhir Kumar Jain said he was granting "statutory bail" to the two former officials of the NSE.
Pandey was already in the judicial custody of Enforcement Directorate in connection with probes against him.
Narain, arrested a few days before the chargesheet was filed, had allegedly conspired with iSec in the tapping case from the beginning
During the hearing, the Enforcement Directorate had opposed the bail plea, claiming that the investigation was ongoing in the matter and she was directly or indirectly involved in the crime.
Special Judge Sunena Sharma denied the relief, saying the stage was not set to allow the bail.
"The period to deposit the money by our order dated 11th April, 2022 is extended for a further period of four weeks,” the appellate tribunal said in an order passed on May 31.
The notice came after Chitra Ramkrishna failed to pay the fine imposed on her by the Securities and Exchange Board of India (SEBI).
The search operation will cover brokers at more than 12 premises in Mumbai, Gandhinagar, Delhi, Noida, Gurugram and Kolkata, among other cities.
In a written reply in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said market regulator SEBI, after investigation into the matter involving NSE and other entities, has passed requisite orders.
Special Judge Sanjeev Aggarwal also extended Chitra Ramkrishna’s judicial custody till April 11, after she was produced before the court at the end of her earlier judicial custody.
The Securities and Exchange Board of India (SEBI) has informed that an ex-MD&CEO of NSE, had sought guidance from a 'siddha purusha/yogi', Minister of State for Finance Pankaj Chaudhry said in a written reply to the Rajya Sabha.
Special Judge Sanjeev Aggarwal ordered that Ramakrishna be physically produced before the court next on March 28.
Vikram Limaye has decided not to seek a reappointment as MD & CEO of the National Stock Exchange. Chita Ramkrishna gets arrested in the NSE co-location case. Catch Karunya Rao and Santosh Nair live for more updates.
This comes after the NSE put out an advertisement last week calling for candidates for the MD and CEO role
The CBI, sources told CNBC-TV18, was also examining the role of Muralidharan Natarajan, the CTO of NSETECH (a subsidiary of NSE).
“The trading systems have been scaled up substantially. We used to process about 100,000 messages per second till about two years ago – that has been scaled up to 300,000. That’s the best in the world,” says Limaye
The probe agency produced the accused before special Special Judge Sanjeev Aggarwal and sought 14-day custodial interrogation in the case.
Ramkrishna's arrest comes a day after her anticipatory bail plea was rejected by a court in the national capital.
The Court held that no grounds we made out for grant of anticipatory bail
Former NSE Group Operating Officer Anand Subramanian was arrested last week and will continue to be in CBI's custody till March 6.
Chawla served as NSE chairman between March 2016 and January 2019 and shot a letter to Sebi in 2018 saying Anand Subramanian is the ‘mysterious yogi’ in NSE scam case.
Unless sectoral watchdogs function honestly and independently, more NSE-type nasty surprises cannot be ruled out
The NSE board’s failure allowed the CEO to run NSE like a fiefdom, create power centres, bypass IT security, leak critical information, and allow an external influence over her decision making. Boards need to overcome the star power of a CEO and look beyond financial performance while measuring the worth of a CEO
NSE co-location scam: The widely touted reason for foreign investors cutting exposure to the NSE shares is the delay in the stock exchange’s plan to go public. But some observers say the flurry of selling in January could have to do with more than just the delay in NSE’s listing plan. The timing of the sales—just a few weeks before the SEBI order—and the price, have raised eyebrows.