1. Can I withdraw the 'plea bargaining' application at this stage (Refer link http://delhicourts.nic.in/plea/BPB.html ) ? If yes,
An application for a plea bargain can be withdrawn at any time before the disposal of the case.
(A) what is the procedure at the court to do the same ?
The applicant may move an application either in person or through his advocate expressing his intention to withdraw the earlier decision of plea bargain.
(B) what implications would this have in my case ? Can I choose the Option 1 which was available to me by first judge (MM) ?
Once you are permitted to withdraw your plea bargaining, the court will pass order after hearing your version in the case..
(C) Would this go back to the court of first judge (MM) ?
Yes it will revert to the jurisdictional court.
(D) Is this a wise option ? Please suggest
You have not stated that why did you choose to withdraw the said option hence without knowing the reason for the change in your decision it may not be advisable to give any answer to this question.
2. If 'withdrawal' isn't a good option, is there a way I can request for 'early hearing' of my case ? If yes, what is the procedure
EFFECT OF CONVICTION AFTER SUCCESSFUL PLEA BARGAINING:::
If an admonition or a supervisory order is passed under the Probation of Offenders Act, 1958, then Section 12 of the said Act provides that it shall not cast any stigma on the offender.
The few more benefits of plea bargaining are
There will be quick disposal of the pending criminal case,
The applicant will avoid the trouble of coming to the court for several hearings,
If successful, a plea bargain will result in an amicable and mutually satisfactory disposition of the pending criminal case.
So you decide about withdrawing the decision of plea bargaining.