oppn parties Chidambaram Granted Bail: The Supreme Reaffirms That Bail, Not Jail, Is The Rule

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  • Neha Bora was subsequently released and Dipke is to appear before a magistrate today at noon
  • Delhi Police detained Cockroach Janta Party founder Abhijeet Dipke, Neha Bora of AISA, student leaders and supporters ahead of a rally in Connaught Place demanding Chief Election Commissioner Gyanesh Kumar's resignation. The protest followed the detention and jailing of two CJP leaders earlier in the week over demonstrations at Jantar Mantar
  • The Reserve Bank of India is considering further monetary tightening to counter capital outflows and increase the cost of betting against the rupee, according to bankers and analysts cited by Reuters. The measures follow recent rate increases and steps to drain liquidity as pressure on the currency and inflation concerns persist
  • India directed oil marketing companies to stop diverting sugar-based feedstocks for ethanol production in the 2026–27 supply year, according to a new tender issued on Friday. The companies have invited bids for 11 billion litres of ethanol made from alternatives including corn and broken rice, amid concerns about domestic sugar supplies and prices
  • Finance Minister Nirmala Sitharaman said India's trade imbalance with China was growing sharply and attributed the problem partly to restrictions on Indian goods and services entering the Chinese market. China subsequently said it was ready to work with India to address mutual economic and trade concerns; India's trade deficit with China reached $69 billion in the first half of FY2026–27, up 27% year-on-year
  • Indian equity benchmarks extended their recovery on Friday, with the Sensex rising 413.66 points to close at 74,729.27 and the Nifty 50 gaining 148.80 points to settle at 23,146.15. Information technology shares, including Tech Mahindra, Infosys and TCS, helped lift the indices
  • India defeated Zimbabwe by four wickets in the opening women's T20 International in Raipur, taking a 1–0 lead in the three-match series. Deepti Sharma and Niki Prasad combined in an 82-run stand after India's top order collapsed, helping the hosts chase down Zimbabwe's total of 114 for five
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  • Indian shuttler Jagsher Singh Khangurra secured a bronze medal at the BWF World Junior Badminton Championships in Cairo
  • The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
  • The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
  • The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
  • The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
Delhi HC refuses to ban CJP's Tiranga rally at Central Park in Connaught Place today /////// Police says will control and regulate it /////// NDMC closes the park for the public on Friday and Saturday
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Chidambaram Granted Bail: The Supreme Reaffirms That Bail, Not Jail, Is The Rule

By Sunil Garodia
First publised on 2019-12-04 13:17:35

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Author of Cyber Scams in India, Digital Arrest, The Money Trap and The Human Hack

The Supreme Court has finally granted bail to former Finance Minister P Chidambaram in the INX Media case. The court was of the view that although economic offences come under the purview of grave crimes since bail, not jail is the rule, it cannot be denied just on the presumption that the alleged wrongdoer, being an influential person, was in a position to influence witnesses and tamper with evidence. The court granted him bail against personal bond and sureties and imposed the usual restrictions.

The bench headed by Justice R Bhanumati took a personal bond of Rs 2 lakhs and two sureties of an equal amount. It also put the usual restrictions on foreign travel for which Chidambaram would have to take the court’s permission. It also warned him not to tamper with evidence or influence witnesses. It needs reminding that Chidambaram spent 106 days in jail as the ED argued that he had committed grave offences and misused his office and was likely to tamper with evidence and influence witnesses as he still wielded a lot of influence in the corridors of power given past positions held by him. The Delhi High Court had earlier refused to grant him bail.

In this respect, it needs to be said that the Delhi High Court should have taken the same line as now taken by the apex court. Chidambaram should have been granted bail then. The ED, apart from showing circumstantial evidence and properties that are allegedly held benami by the Chidambaram family, was not able to directly link the wrongdoings to Chidambaram. Hence, it is wrong to hold a person in captivity just on assumption of guilt or on the excuse that he might tamper with evidence or influence witnesses. In any case, if Chidambaram is found to do anything like that, the ED can lodge a complaint, obtain a warrant and arrest him again.