The apex court, however, asked him to move a regular bail plea before the appropriate court.
The Delhi High Court had on August 20 rejected Chidambaram`s anticipatory bail plea in the INX media case.
On August 21, he moved the Supreme Court and challenged Delhi High Court order but could not get an urgent hearing on the plea.
Chidambaram was arrested on August 21 and presented before a trial court, which remanded him to CBI custody till August 26.
The Enforcement Directorate and the CBI are probing how Chidambaram`s son Karti Chidambaram got the Foreign Investment Promotion Board (FIPB) clearance in 2007 when his father was the Finance Minister.
Karti Chidambaram was arrested on February 28, 2018, by the CBI for allegedly accepting money to facilitate the FIPB clearance to INX Media. He was later granted bail.
(With inputs from agencies)
A bench of Justices R Banumathi and A S Bopanna said the petition has become 'infructuous' as he was arrested on August 21.