He has written a letter to the Supreme Court collegium headed by Chief Justice R M Lodha requesting him to "withdraw" the recommendation for his elevation as judge of the apex court.
Sources close to him said that he felt let down by the government and the Supreme Court which he thought did not stand upto defend him.
He is also said to be of the view that the candidature of a judge of the Supreme Court should be decided in some kind of sacredness and should not be bashed about.
But the government rejected his name and returned the file over his name while accepting the recommendation related to others including another lawyer Rohinton Nariman.
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"In the circumstances, he (Subramanium) does not feel that his name should be reconsidered for elevation to the judge of the Supreme Court. So he has written a letter to CJI to withdraw his candidature as the judge of the Supreme Court," his office said.
Upset over the media reports, Subramanium maintained that his conduct was clear and he had written to the Law Minister Kapil Sibal in the previous government about the extent of criminality in the 2G case that was hidden by the government when he was its counsel.
Subramanium was assisting the Supreme Court as amicus curaie in Sohrabuddin Sheikh fake encounter case in which BJP leader Amit Shah came under scrutiny.