The mercy petition was submitted by senior advocate and Member of Parliament Ram Jethmalani to President Pranab Mukherjee, who forwarded it to the home ministry for its opinion.
"The mercy petition was received about two weeks ago and the home ministry is examining it. We have also sought views of all ministries concerned," a home ministry spokesperson said.
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However, it had modified its similar order for Gopal Ansal and ordered him to undergo remaining part of the one- year imprisonment.
Both Ansal brothers were also asked to pay Rs 30 crore each for setting up of a trauma centre in Delhi.
As many as 59 cinema-goers died when a fire broke out at Upahaar cinema hall in South Delhi on June 13, 1997.
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