With a draconian IT Act that remains to be updated and conforming to the order of the day, such an arrest would have several legal implications. This could even change people’s perception of doing business in the area of internet technology in India.

As a CEO of a portal is he concerned with all the buying and selling by third parties? How is Bajaj's custody justified? Was his custodial interrogation necessary? These are the questions that are to be answered too.

Was Baazee the victim of its own Frankenstein? The online bazaar is indeed a technological marvel that gives maximum freedom to the user. But it was overlooked - unknowingly or on purpose - that certain unscrupulous elements did misuse the mileage provided.

The coming days will see a whole lot of reactions pouring in. Who is right and who is wrong; let’s leave it for the judiciary to decide. What I feel is that we must pledge to keep these ugly incidents at bay. Further, the judiciary too has to make amendments in its pre-historic act to tighten the noose around these criminals, whosoever, in the best democratic manner.