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1. The present bail application is filed under sections 439 and 167(2) of the Code Of Criminal Procedure, 1973 (hereinafter referred to as "the Code") for grant of regular bail in FIR bearing no RC/AC1/2018/A0011 dated 28.05.2018 registered at PS CBI/AC-I for offences punishable under sections 120B/204 IPC and sections 7/12/13(2) read with 13(1)(d) of the Prevention of Corruption Act,1988 (hereinafter referred to as „PC Act‟) and section 66 of the Information Technology Act, 2000. The petitioner prayed as under:

8. The petitioner/accused in bail application under sections 439 and 167 (2) of the Code which is under consideration stated that the petitioner/accused is in custody since 24.02.2022 and charge sheet was filed on 21.04.2022 against the co-accused and the petitioner/accused for offences punishable under sections 120B read with section 13(1)(d) read with section 13(2) of the PC Act, 1988. The petitioner/accused is a permanent resident of Chennai and is having deep roots in the society with clean antecedents. 8.1 NSE in 2009-2010 introduced co-location set up using Tick by Tick (TBT) over Transmission Control Protocol/Internet Protocol (TCP/IP) for its Trading Members. The petitioner/accused joined NSE on 01.04.2013 on consultancy basis as the Chief Strategic Officer, and was re-designated as the Group Operating Officer on 01.04.2014. The petitioner/accused left NSE in October 2016. Multicast Protocol was introduced in April 2014 to replace TBT and later on both systems were provided to Trading Members in parallel. 8.2 The respondent/CBI on 28.05.2018 registered present FIR in respect of the alleged co-location scam at NSE) during 2010-2014 involving one broker, OPG Securities Pvt. Ltd. who allegedly abused the server architecture of NSE (Tick by Tick based system architecture) in conspiracy with officials of NSE and as such was given an advantage over other brokers by way of faster access to information/market feed.