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Digital Desk: The Indian equity indices, NSE Nifty and BSE Sensex closed lower on Thursday. The NSE Nifty ended below the 23,550 mark, while the BSE Sensex dropped to 528 Points.
As arguments unfolded, the court underscored the importance of ensuring fair proceedings, particularly during a critical electoral period
Digital Desk: The Supreme Court hinted at the possibility of granting interim bail to Delhi Chief Minister Arvind Kejriwal amidst the ongoing Lok Sabha elections.
Justice Sanjiv Khanna, leading a two-judge Bench, raised the prospect of interim relief for Kejriwal due to the electoral context, cautioning the Enforcement Directorate (ED) about the timing. The court questioned the ED on the schedule of polling in Delhi, with the next hearing set for May 7.
Senior advocate A.M. Singhvi, representing Kejriwal, highlighted that polling in Delhi was scheduled for May 25, with campaigning ending on May 23. The court, acknowledging the significance of liberty, emphasised the need for a balanced approach. It expressed concerns over the timing of Kejriwal's arrest, which occurred shortly after the Model Code of Conduct came into effect for the general election.
The court's scrutiny extended to the investigation process, querying whether the ED objectively assessed all evidence, including material favouring Kejriwal's innocence. The ED defended its actions, asserting that politicians facing criminal charges couldn't claim immunity from arrest. However, the court stressed that arrest under the Prevention of Money Laundering Act necessitated substantial evidence of guilt.
Both sides were cautioned against presumptions regarding the court's stance on interim bail, with Justice Khanna emphasising the need for a thorough consideration of all aspects. As arguments unfolded, the court underscored the importance of ensuring fair proceedings, particularly during a critical electoral period.
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