"Renotify the matters on August 13. Till that time, the impugned order dated June 26, 2014 of the trial court against the accused shall remain stayed," Justice V P Vaish said.
The stay has come as a relief to Sonia Gandhi, Rahul Gandhi and others including Congress treasurer Moti Lal Vora, General Secretary Oscar Fernandes, Sam Pitroda and Suman Dubey who were asked to appear before a trial court tomorrow.
The Congress leaders have challenged a lower court's summoning orders against them on a complaint of BJP leader Subramanian Swamy alleging cheating and misappropriation of funds in the acquisition of the daily by Young Indian (YI).
Pitroda is the only accused who, so far, has not moved the high court as the summons has not been served on him.
Sibal and Singhvi, during the arguments, challenged the "locus" of Swamy in filing the complaint saying that the offence of cheating and criminal breach of trust are "compoundable" in nature and it is not the case that the BJP leader is a victim of these alleged crimes.
"This is a case where no single ingredient is being made out against the accused. Not even one element is made out against him (Rahul). The complaint is drafted on completely barred law," Singhvi said.
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