What are the options before CJI Sanjiv Khanna as the ‘Justice Verma’ in-house committee finally submits report?

While much now depends on the contents of the in-house committee’s report, we must remember that the in-house process is not a substitute for enquiry under the Judges (Inquiry) Act.
What are the options before CJI Sanjiv Khanna as the ‘Justice Verma’ in-house committee finally submits report?
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ON SUNDAY, THE IN-HOUSE COMMITTEE formed by Chief Justice of India Sanjiv Khanna to inquire into the allegations against Justice Yashwant Varma, the then sitting judge of the Delhi High Court, in whose residence sacks of burning cash were reportedly discovered, submitted its report to the Chief.

The committee was formed on March 22 under the In-House Procedure adopted by a full court of the Supreme Court in 1999. The committee to probe allegations against Justice Varma comprised Justices Sheel Nagu, G.S. Sandhawalia and Anu Sivaram, Chief Justices of the Punjab & Haryana and Himachal Pradesh High Courts, and judge at the Karnataka High Court, respectively. 

Earlier, CJI Khanna decided to make public the report of the Chief Justice of Delhi High Court D.K. Upadhyaya which was submitted to the former. The Supreme Court also made public the response provided by Justice Varma to the allegation that  burnt currency was discovered at a storehouse situated within the premises of the official bungalow allotted to Justice Varma.

Meanwhile, Justice Varma was transferred to his parent high court in Allahabad on March 28. Presently, he is divested of any judicial work.

If there is substance in the allegations whether the misconduct disclosed is not of such a serious nature that removal of the judge concerned is warranted?
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