A division bench of Justices N H Patil and S B Shukre took into note that the statement made by Advocate General Anil Singh that an inquiry has been initiated against Tatkare by Anti-Corruption Bureau (ACB) and Enforcement Directorate.
"We have been assured that the probe by the concerned agencies will be conducted properly and in accordance with law. Hence, nothing remains in this petition," the court said while disposing it of.
Somaiya has listed 51 companies formed by Tatkare which have his family members and friends as directors and alleged that they purchased benami lands in Maharashtra and indulged in money-laundering, causing loss to the public exchequer.
Tatkare, who had held Water Resources portfolio in Maharashtra cabinet, has termed the petition as false, malicious and politically motivated in his counter affidavit.