The Iran attacks by Israel and US carry the twin threat of inflation and currency depreciation for India, since 65% of oil imports comes through the Suez Canal.
The court said that the excise policy case, as sought to be projected by CBI, does not survive judicial scrutiny and stood discredited in its entirety.
A bench of justice Swarana Kanta Sharma refused to grant pre-arrest bail to the two contractors– Himanshu Gupta and Kavish Gupta, noting that the incident in question was a “preventable accident”
A bench of Chief Justice D K Upadhyaya and Justice Tejas Karia said the PIL, which also sought a direction to the bureau to publish such information in public domain, was “highly misconceived”