More on that big story of the day -- the Madras HC verdict to try home minister P Chidambaram in the 2990 LS polls case.

Chidambaram today ruled out his resignation in the wake of court's decision in the election petition against him saying the verdict was not a setback for him but for his rival. He ridiculed the demand for his resignation by BJP President Nitin Gadkari and Tamil Nadu Chief Minister J Jayalalitha saying he was astonished by their "monumental ignorance". 

Reacting to the demands of the opponents, he said those who make the demand for his resignation "do not have criminal case, do not have charges and have not been questioned under Criminal Procedure Code". 

"I am astonished by the monumental ignorance displayed by certain political leaders. This is an election petition. There are 111 election petitions filed against members of 15th Lok Sabha," Chidambaram said.