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The senior Congress leader said that Attorney General KK Venugopal and many jurists and lawyers had urged the Supreme Court not to punish him.
Moily expressed the view that judges should not take upon themselves to punish a person who makes allegations against them.
“It looks as if it was not warranted,” he said on the Supreme Court imposing a token fine of one rupee against Bhushan as punishment in the contempt case against him.
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Bhushan, who has been convicted for two tweets against the judiciary, has to deposit the fine with the Supreme Court registry by September 15, said a bench headed by Justice Arun Mishra.
“Failure to comply would entail a three-month jail term and debarment from law practice for three years,” it said.
Politicians, judges or anybody should “bear this kind of criticism” and not take upon themselves to punish a person who makes allegations against them, said Moily, a former Karnataka Chief Minister.
“Judiciary will have to lay down certain norms, methods to deal with such situations,” Moily told PTI.
“At the most, they (SC) can make a reference to Bar Council of India. That is the right body to punish the lawyers,” he said.
The bench, also comprising Justices B R Gavai and Krishna Murari said that freedom of speech cannot be curtailed but the rights of others need to be respected.
On August 14, the apex court held Bhushan guilty of criminal contempt for his two derogatory tweets against the judiciary and said they cannot be said to be a fair criticism of the functioning of the judiciary made in the public interest.