Amicus curae Lakshmi Gupta, who had been asked by the court to give his views on some points, told the division bench comprising Justice A K Banerjee and Justice M K Chaudhuri that the state investigating agency might be allowed to continue as there was no substantive allegation that it was not doing its job properly.
Gupta, appointed by the court to assist it, said that the petitions might not be disposed off so that if anyone was aggrieved at any stage, could come before the bench.
He said that there was no requirement for formation of a new committee for the purpose.
The bench had yesterday asked the amicus curae to give his views on three points that came up during the hearing of the PILs.
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The court had asked the amicus curae to give his views that though the magnitude of the problem was huge, no one could deny that law and order was a state subject and as such whether the state would investigate the issue.
Noting that the alleged crime was reported on April 16 and the PILs seeking a CBI probe were filed on April 22 claiming that the state agency would not be able to hold an impartial investigation, the bench asked Gupta to examine the time gap and that the state should be given adequate time.
Three PILs were filed before the high court seeking a CBI probe into the chitfund scam whic came to light in mid-April.