During a high-voltage hearing, the court first suggested to the couple to "surrender and seek regular bail" but later gave them protection from arrest till Feb 19.
There were a number of occasions during the 30-minute hearing when the bench put a number of questions to senior advocate Kapil Sibal, appearing for the couple, and later made clear that the "allegations" against them were "grave" and warned against bringing "politics" in the matter.
"We will look into the allegations mainly on the basis of the FIR (against Setalvad and others). Let it be very clear, we will be looking at the case not by names but like the case of any ordinary individual," it said and concluded the hearing on a lighter note remarking that "there will be justice for both and relief for one".
The apex court was hearing the appeal filed by the Setalvad and her husband against the yesterday's judgement of the High Court by which their plea for anticipatory bail was rejected for not co-operating with the investigation.