A bench of Chief Justice G Rohini and Justice R S Endlaw, which has not issued a notice on the PIL, had reserved its order on July 9 after hearing brief arguments of advocate M L Sharma, who had filed the plea in his personal capacity.
If the court holds that the PIL is maintainable then Vadra would be given a hearing.
The cause of action partially had arisen in Delhi as various offices and constitutional bodies such as Prime Minister's Office (PMO), Comptroller and Auditor General (CAG) and Ministry of Urban development are located here, the lawyer had said.
"I have already given a representation to the CBI. But it neither registered an FIR nor lodged even a preliminary enquiry in the case which relates to huge loss caused to the exchequer during 2005 to 2012," he had argued before the court.
He had also submitted a copy of a recent Supreme Court judgement which directs police authorities to register an FIR "mandatorily" if the allegations disclose the commission of a cognizable offences/offences.
The plea had also sought a probe into grant of licenses to change land use of agricultural plots purchased by Vadra companies in Gurgaon in Haryana.