A division bench led by Chief Justice A M Khanwilkar had heard arguments from both sides and posted the matter for judgement.
Jaitley said Madhya Pradesh became a revenue surplus state after 2003 when it dislodged Congress from power.
Shailesh Yadav is an accused in the Vyapam scam. According to unconfirmed reports he died of brain haemorrhage.
The court also issued a notice to the Special Task Force (STF) probing the MPPEB scam.
The FIR against the Governor had followed after one of the accused, who is in jail named him.
The order has come in response to an objection by Agrawal who argued that SIT was overstepping its authority.
The party provided a platform to some victims who described how they could not clears the examinations.
Under fire from Opposition, the BJP government has retaliated on Saturday by filing an FIR against Digvijaya Singh.
Opposition Congress had accused Chief Minister Shivraj Singh Chouhan of ordering manipulation of evidence.
The LoP vociferously demanded the copies of excel sheet and sought Chouhan’s clarification on it.
Digvijaya had submitted an affidavit alleging that a hard-disk seized from former MPEEB official Nitin Mohindra had been tampered with.
Singh said the inquiry being conducted by the Special Task Force set up by the state government was leading nowhere.
Ex-HC judge, retired IPS officer and IT professional to comprise the team.
Bains replaces Manoj Shrivastava who has been moved to Commercial Taxes and Culture.
MPPEB scam was busted in 2013, when the Indore Crime Branch arrested few alleged impostors.