When the application came up for hearing, Justice B Rajendran said investigation had not yet been completed and was at a crucial stage.
The Judge also observed that Shaji had left the country soon after hearing about the boy's death and thereby managed to escape from the clutches of law and attempted to subvert the criminal process for one month till he was arrested on June 13, 2013.
On May 23, Shaji allegedly drove a car in a rash and negligent manner under influence of liquor and ran over three children sleeping on the pavement.
A 13-year old boy was killed and another critically injured in the incident.
Shaji, declared a proclaimed offender by a court here after he went absconding, was arrested by Tamil Nadu police in Kochi on June 13 when he arrived from Colombo.
The Madras High Court and Kerala High Court had earlier rejected Shaji's anticipatory bail applications.
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