The concerned article reportedly alleged that the Life Insurance Corporation of India’s (LIC) investments in Adani Group companies were influenced by the government.
When the petition by Nair came up before a Bench of Justices Vikram Nath and Sandeep Mehta on Wednesday, Senior Advocate Kapil Sibal, appearing for Nair, said that he has advised his client to withdraw the petition.
“I have advised my client. As and when a chargesheet is filed, we will raise all these points,” submitted Sibal.
The Court subsequently recorded that Sibal sought permission to withdraw the petition and the same was being allowed.
“Mr Kapil Sibal states that this petition may be dismissed as withdrawn leaving it open for the petitioner to raise his grievances at the appropriate stage before the appropriate forum,” ordered the Court.