The court also stayed the findings of a one-man inquiry committee, appointed by Thampu, which had on April 9 held third-year student, Devansh Mehta, guilty of violating disciplinary norms of the college.
It directed the college not to give an award, the list of which included Mehta but dropped later due to the controversy, to anyone till the next date of hearing.
"Notice to all respondents (Delhi University, St Stephen's College, Valsan Thampu, Sanjay Rao Ayde). Meantime, impugned order dated April 15, suspending petitioner from the college as well as findings in the April 9 report of the inquiry committee is stayed," Justice Vibhu Bakhru said.
During the brief hearing, the court also rapped the Delhi University for claiming that the petitioner was guilty to some extent as he had not denied the charges against him.
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"This does not inspire any confidence," the court said and asked, "anyone who speaks to the media, will you suspend him?"
"You should play an impartial role," the court told the University.
"It is necessary to protect the petitioner's interest," the court said, adding "you can't strip someone of an award given to them".
Mehta was to have received the prize from Delhi Chief Minister Arvind Kejriwal, who will be the Chief Guest at the college's graduation ceremony tomorrow.