Last month, the Kerala high court upheld the National Human Rights Commission (NHRC) order directing the government to pay an interim compensation of Rs. 10 lakh to the former ISRO scientist.
The original petition of Narayanan, filed about 12 years ago, asked for a compensation of Rs. 10 million.
Narayanan in the early 1990s was working on the cryogenic technology at the Indian Space Research Organisation centre here when he was arrested on false espionage charges along with another top ISRO official, two Maldivian women and a businessman.
The case was dismissed by the Supreme Court in 1996 and thereafter the scientist filed a compensation petition in a lower court in Thiruvananthapuram.
The CBI also gave Narayanan a clean chit and indicated that the police officials who brought charges against him did not do a clean job.
"I am yet to get a copy of the judgment and we will have no qualms to have a re-look if the situation warrants," said Chandy when asked if the state government would look into the role played by police.