After several rounds of meeting with election officials of the state, the poll panel is learnt to have made up its mind on cancelling the bypoll.
However, no request has yet been made to the state governor to rescind the bypoll.
Sleuths of the Income Tax Investigation wing conducted searches in properties and offices belonging to Tamil Nadu Health Minister C Vijayabaskar on Friday across Tamil Nadu.
The searches on premises of an associate of Vijayabaskar has revealed routing of Rs 89 crore for "distribution to voters" in R K Nagar Assembly constituency which goes to poll on April 12.