New Delhi, Delhi, India

Wikileaks founder Julian Assange may leave the Ecuadorean Embassy in London, following a British court's judgement on the final arrest warrant against him.

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The court's verdict will clear whether the warrant against Assange will be dropped nor not.

Assange entered the Ecuadoran embassy to dodge a European arrest warrant and extradition to Sweden over a 2010 probe in the Scandinavian country into rape and sexual assault allegations.

If the court rules in Assange's favour, it would be for the first time that he would step out of embassy since seeking asylum there in June 2012.  

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The 46-year-old has been holed up there for more than five years.

His lawyers have made an application to Westminster Magistrates' Court for the UK warrant to be withdrawn, saying it had lost its purpose and its function.

However, the UK Crown Prosecution Service claims the warrant should still stand and the Wikileaks founder should not be rewarded for having waited out the claims against him.

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Sweden dropped its investigation last year, but British police are still seeking to arrest Assange for failing to surrender to a court after violating bail terms during his battle against extradition.