Speaking at the inaugural function of a moot court hall christened after Justice Sabharwal at National Law University here, the two leaders referred to the judgments delivered by him on various contentious issues with political overtones in which his toughness was reflected.
Jaitley gave examples of the late CJI's handling of judgments on election laws, arbitrary allotment of petrol pumps, dissolution of state assemblies including that of Bihar assembly when Buta Singh was the Governor, while Bhardwaj recalled his verdict quashing Centre's decision to impose President's rule in Bihar.
"When President's rule was imposed (in Bihar in 2005), the Supreme Court took upfront to this and many eminent lawyers argued in the matter. My three Cabinet colleagues came to me and said you are out now, you were lucky that you survived so long. I said no problem, it is the Rashtrapati who has approved the promulgation of President's rule.
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"Later, other judges who sat on the bench quashed that presidential promulgation with the government facing a lot of trouble in Bihar. Buta Singh lost his governorship. But he did not say anything neither I did," Bhardwaj said in his speech.
Jaitley made a special mention of his verdict on Ninth Schedule saying "it will go down as probably the most important judgments".
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Jaitley further said the relationship between the taxmen and the assessee is undergoing change though it is still a work in progress.
"The change will be visible in future. Apprehensions and fears need to be eliminated and discretions will have to disappear," he said.
On Gold Monetisation Scheme, the Finance Minister said, the scheme is picking up.
To make the Gold Monetisation Scheme more attractive, the government has allowed investors to redeem the deposits in gold also.