The next hearing for a court inquiry will be on October 11 when two witnesses from Jay Shah's side who had first informed him about the publication of the article are likely to depose.
An article on news website "The Wire" had alleged that a company had reported "16,000 times" increase in its turnover in 2015-16 at Rs 80.50 crore.
"The article makes false, derogatory and defamatory imputations against me by creating in the minds of the right-thinking people an impression that my business owes its "success" to my father Shri Amitbhai Shah's political position", Jay Shah said in the statement adding he will file a Rs 100-crore defamation suit against website for the publication of the article.
Congress spokesman Anand Sharma said Shah must quit as there can not be an independent probe into his son's business as long as he remains the chief of the ruling party.
Demanding a probe into financial activities of a company owned by BJP president Amit Shah's son Jay, senior Congress leader and former Chief Minister Prithviraj Chavan said Congress president Sonia Gandhi's son-in-law, Robert Vadra, too has been investigated for corruption.
"We finally found the only beneficiary of Demonetisation". He said Mehta had sought Law Minister Ravi Shankar Prasad's permission to appear for Jay and the approval had been granted.
"We are defending because the party president and the Prime Minister have been dragged in", railway minister Piyush Goyal told the Indian media. It's not the RBI, the poor or the farmers.
He said, "The financial papers of companies run by Jay Shah are murky and its functioning is much similar to those of shell companies".
While Jay Shah is being defended as a "private citizen" and is being shielded for his "fundamental right to privacy" (ironical, given the government's official stand on the privacy battle fought in the Supreme Court very recently), the fact that he's related to a very public figure being the son of the BJP national president Amit Shah is enough to bust that claim, which is why he must be ready to be held up for public scrutiny. He also demanded that Prime Minister Narendra Modi direct Amit Shah to resign from all posts to facilitate a free and fair inquiry into this "scam".