The Supreme Court on Monday allowed Congress MP Karti Chidambaram, who is facing criminal cases that are being probed by the Enforcement Directorate and the Central Bureau of Investigation, to travel abroad.
Trading in other derivative products in currency, commodities expected to begin soon.
During the hearing, the Central Bureau of Investigation told the court that it has already filed its reply in the case.
INX will trade initially in equity derivatives, currency derivatives, commodity derivatives including index and stocks
Indians spent more on foreign investments during the past 12 months than they have since at least 2012.
Justice Gaur was elevated to the high court in April 2008. He was designated as a permanent judge on April 11, 2012.
However, the bench said Chidambaram is at a liberty to seek remedy in accordance with the law.
On the arrest of P Chidambaram, Karti said, "This is like a staged reality show to have all these dramatic visuals on television. There is no reason for this kind of drama... It's not done in an honest investigation.
SFIO tried to sift through changed names, cross-holdings in INX Group
The statements of the Mukerjeas were recorded by the Enforcement Directorate, which is probing the money laundering angle in the case, while the CBI had only recorded Indrani's statement before a magistrate as per section 164 of the CrPC, they said.
Her corporate footprint is fading fast.
Justice Suresh Kait, who was hearing Chidambaram's interim bail plea, directed the Tihar jail superintendent to provide clean and hygienic surrounding to the 74-year old Congress leader as also home-cooked food, mineral water, mosquito protection net and repellent
The apex court's order came hours after the high court extended Chidambaram's protection from arrest in the ED case from March 20 to March 22.
Apart from them, Chidambaram's wife -- Nalini -- has been chargesheeted by the CBI in the Saradha chit-fund scam for allegedly accepting a bribe of Rs 1.4 crore.
The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
The bench also extended the interim protection from arrest granted to Chidambaram till September 5.
'Every person is presumed innocent unless proved guilty in a court of law,' the statement said.
The court decided the bail petition on three grounds -- flight risk, tampering with evidence and influencing witnesses.
Special CBI Judge Prashant Kumar passed the order noting that the investigation was at its initial stage, and the accused was required to be quizzed.
"I have lost count, how many times has it been? Must be a record," Karti tweeted without specifying.
With the fall of Congress, Chidambaram's political graph too started moving southwards.
The trial court had earlier said that the allegations against Chidambaram were found serious, therefore, he was remanded to police custody.
Chidambaram, who was closely monitoring the case of his son in the Supreme Court which was argued by his party colleague and senior advocate Kapil Sibal, had sprung a surprise last week by filing a petition on his own accusing the CBI and the Enforcement Directorate of carrying out a political vendetta against him and his family.
The probe agency is understood to have alerted all airports and other ports of entry to prevent Chidambaram from leaving, sources said.
The bench said that he would not tamper with the evidence or attempt to intimidate or influence the witnesses in the case.
The opposition and the government are locking horns over the PNB and INX Media cases.
The federal agency has filed its case under the criminal sections of the Prevention of Money Laundering Act (PMLA) taking cognisance of a recent first information report (FIR) registered by the Central Bureau of Investigation (CBI) in the same case, they said.
His answer to every question was, "I am politically victimised", the CBI said.
The apex court was hearing two separate petitions filed by Chidambaram challenging the Delhi high court August 20 verdict by which his anticipatory bail was dismissed in the cases registered by both the agencies-- CBI and ED.
A CBI spokesperson said he has been arrested on the basis of a warrant issued by a competent court.
The Central Bureau of Investigation had registered an FIR on May 15, 2017 alleging irregularities in the Foreign Investment Promotion Board clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as finance minister.
The court allowed Karti to carry spectacles and medicines as per prescription subject to examination and approval by the jail doctor, but denied his request to carry toiletries, books, clothes and home food.
Special Judge Ajay Kumar Kuhar said the CBI demand was "justified" that Chidambaram has to be further interrogated in its custody.
The ED told the apex court that during the investigation it found Chidambaram had 11 'immovable properties' and 17 bank accounts abroad and his custodial interrogation was required to unearth the larger conspiracy in the case.
Declining urgent hearing, the top court observed that judges have more cases 'than they can handle'.
Over 100 questions on various aspects of the case were drafted by investigators which were put to 45-year-old Karti.
The father-son duo are in the radar of the probe agencies in another case concerning the Aircel-Maxis deal.
Three suspected associates of Karti --Bhaskar Raman, Ravi Vishwanathan and Mohanan Rakesh -- are also being questioned
In her first reaction after Chidambaram's arrest on Wednesday evening, Banerjee quoted Rabindranath Tagore and said the "message of justice is crying silently in isolation".
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