Supreme Court Reserves Verdict on Justice Varma's Plea Challenging Parliamentary Probe

• Supreme Court reserved its verdict on Justice Yashwant Varma's plea challenging the parliamentary panel probing corruption charges against him.
• Varma's lawyers questioned the procedure for forming the panel, citing the Judges Act of 1968, while the Solicitor General defended its constitution.
• The top court had earlier observed no bar on Lok Sabha Speaker Om Birla forming the inquiry committee, even after a similar motion was rejected in Rajya Sabha.
• Corruption charges arose after burnt currency was found at Justice Varma's New Delhi residence, leading to his repatriation to Allahabad High Court.
• An in-house inquiry found Justice Varma guilty of misconduct; he declined to resign, prompting impeachment proceedings and a new inquiry committee.

Why It Matters: SC reserved verdict on Justice Varma's challenge to parliamentary probe into corruption charges.