Even as reports suggest that Swami Nityananda might consider giving up his saffron robes, sources say he is in no hurry to renounce his wealth.

The godman, who has been in the news after a video that allegedly shows him in bed with a Tamil actress became public, had on Tuesday announced his decision to renounce his position as the head of his trust, Dhyanapeetam.

"I have decided to live a life of spiritual seclusion for an indefinite period, to which my acharyas, and my spiritual mentors, have agreed in principle," Nityananda had said.

However, a source in the ashram said it was unlikely that the swami would renounce his wealth. "He has nothing to lose by resigning because all of Dhyanapeetam assets are in his name," he said.

The High Court has adjourned the hearing in cases against Nityananda till April 6 following the public prosecutor's request for more time. A district court will hear the swami's petition seeking anticipatory bail today.

H S Chandramouli, the swami's lawyer, said, "There is no complaint against him and there is no aggrieved party. These factors make the case fit to be quashed by the court."