**Gyanesh Kumar’s term as Chief Election Commissioner runs until January 2029, creating a high bar for any early exit by December 31.** Removal requires the same parliamentary process as for a Supreme Court judge—proved misbehaviour or incapacity, a formal motion with substantial MP signatures, a judicial inquiry, and a two-thirds majority in both houses of Parliament—which has never succeeded for any CEC. Opposition parties have renewed impeachment notices and staged protests over the Special Intensive Revision of voter rolls and reported internal objections from fellow commissioners, yet prior motions were rejected and the ruling coalition’s parliamentary strength makes the required supermajority improbable in the short window. Ongoing Supreme Court petitions have not produced interim relief or suspension. These structural and political constraints underpin traders’ 75.5% “No” pricing.