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The High Court's judgment on January 11 came in response to appeals filed by six of the accused challenging their conviction and sentences.
The case against the accused is that they attempted to murder the CPM leader at his Kathirur residence near Thalassery on the Thiruvonam day in 1999.
The suit was filed following Shaji's remarks against the imposition of frivolous charges in the murder case of Muslim League worker Ariyil Abdul Shukoor, which Jayarajan claimed were defamatory.
Jain Raj accused a DYFI leader of links with a gold smuggling gang and used an objectionable term to smear him.
P Jayarajan gave the controversial speech in response to Yuva Morcha state general secretary K Ganesh's alleged inflammatory speech against Shamseer in Thalassery recently.
The state committee member has disowned CPM's rogue activists of Thillankeri -- accused in the Shuhaib murder -- telling them their path is different to that of the party.
The CPM activist is a close friend of Shuhaib murder-accused Akash Thillankeri.
The CPM leadership in Kerala wants former Kannur party district secretary P Jayarajan himself to take the lead and denounce the renegade as he held this post when Youth Congress activist Shuhaib was done away by political foes.
CPM State Secretary M V Govindan, earlier today, clarified that no probe would be initiated by the party against Jayarajan to check the allegations of financial impropriety against him.
P Jayarajan, who raised the allegation at the last state committee, will also face enquiry.