P. CHIDAMBARAM vs DIRECTORATE OF ENFORCEMENT

The Supreme Court dismissed the Special Leave Petition (SLP) filed by the appellant against the High Court's refusal to grant anticipatory bail in a case involving alleged irregularities in FIPB clearance for INX Media, citing violations of Section 120B IPC, Section 420 IPC, and the Prevention of Corruption Act, 1988. The Court held that once the appellant was arrested, the right to seek anticipatory bail was extinguished as per the precedent set in Shri Gurbaksh Singh Sibbia v. State of Punjab (1980) 2 SCC 565. The SLP was deemed infructuous due to the appellant's arrest and remand to custody, allowing the appellant to pursue legal remedies as per law.