The Court observed that the ingredients of Section 13(1)(d) of the PC Act are not made out in the present case as Ms. Chitra is not a public servant within the meaning of the PC Act and NSE is not a public authority. ED has also failed to show how she has obtained for herself or for any other person any valuable thing or pecuniary advantage within the meaning of Section 13 of PC Act. There is no evidence placed on record to prove corruption or abuse of position by her. Thus, the ingredients of section 13(1)(d) r/w 13(2) PC Act are not made out against the Ms. Chitra Ramakrishna. Thus, the Court granted bail while noting that prima facie there are reasonable grounds to believe that Ms. Chitra is not guilty of the offence, and she is not likely to commit any offence while on bail.