A bench of Chief Justice G Rohini and Justice R S Endlaw, which had so far not issued a notice on the PIL, reserved its order after hearing brief arguments of advocate M L Sharma, who had filed the plea in his personal capacity.
"First satisfy us on the the issue of jurisdiction of this court," the bench said.
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"I have already given a representation to the CBI. But it neither registered an FIR nor lodged even a preliminary enquiry in the case which relates to huge loss caused to the exchequer during 2005 to 2012," he said.
He also submitted a copy of a recent Supreme Court judgement which directs police authorities to register an FIR "mandatorily" if the allegations disclose the commission of a cognizable offences.
The plea had also sought a probe into grant of licenses to change land use of agricultural plots purchased by Vadra companies in Gurgaon.
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