During the hearing, a bench of justices Shantanu Kemkar and M S Karnik also issued notice to Ambedkar.
The Public Interest Litigation (PIL) filed by an NGO also sought that the state government and those who participated in the bandh be held liable for the loss or damages caused to public and private property.
The plea sought that the traders, whose properties were damaged in the sporadic incidents of violence across the state during the bandh on January 3 or those who lost their day's earnings due to the bandh, be given compensation.
However, state's counsel advocate Hiten Venegaonkar opposed the PIL saying the state had already taken appropriate action against those involved in the bandh.
He also submitted that there was no statutory provision that entitles the traders or others to seek compensation in the case.
He, however, added that if the high court deemed this a case fit for compensation, then it could order for the same under relevant provisions of the Criminal Procedure Case (CrPC).
"In such a case, however, the court will also have to direct someone to quantify the total loss or damage to property caused in the incident," Venegaonkar said.
Venegaonkar also submitted that while Ambedkar might have given the call for the statewide bandh, he had not been arrested since he was not present at any of the spots, where incidents of violence took place.
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