Four senior leaders of the ruling Hindu nationalist Bharatiya Janata Party had been among the accused at the trial that languished in India's sluggish legal system for nearly 28 years.
There were 49 accused in the case out of which 17 have passed away.
Hindu fundamentalists attack the wall of the 16th century Babri mosque with iron rods on December 6, 1992. "The controversy should end here and everyone should focus on Ram Mandir's construction".
All India Majlis-e-Ittehadul Muslimeen chief Asaduddin Owaisi on Wednesday said the acquittals in the Babri Masjid criminal conspiracy case made him relive the same humiliation that he experienced during the demolition in 1992.
The court in its verdict said that "anti-social elements" tried to demolish the mosque and that the accused leaders tried to stop them, the New Delhi Television news channel reported citing the court order.
The case relates to the razing of the disputed structure in Ayodhya on December 6, 1992.
The 32 accused included a galaxy of former top leaders of the Bharatiya Janata Party, the party that benefited the most from the watershed event.
Another defendant, Jai Bhagwan Goyal, said: "We had done nothing wrong".
"The world community, the United Nations and relevant global organizations are expected to play their role in safeguarding the Islamic heritage sites in India from the extremist Hindutva regime and ensure the protection of religious rights of minorities in India", the press release concluded. He also said that he would approach the All India Muslim Personal Law Board and ask them to appeal against the judgment.
Rashid said Muslim organizations should evaluate whether it is prudent to challenge the decision.
India's 200 million strong Muslim minority hoped that while construction of the Ayodhya Ram temple had begun, those who destroyed their iconic mosque would finally face justice.
Pakistan's Foreign Ministry said in a statement that Hindu nationalists' hatred of minorities, particularly Muslims, indicates that India is fast becoming a Hindu nation where minorities are second-class citizens.
Yadav observed that the evidence presented before him proved that accused Advani, Joshi, Bharti, Rithambara, Katiyar and Acharya Dharmendra Dev were on the stage when the incident occurred.
Ahead of the pronouncement of verdict in the Babri mosque demolition case, a multi-layered security apparatus was put in place in the vicinity of the Old High Court building in Lucknow.
There were two cases registered in connection with the Ram Janmabhoomi temple-Babri Masjid dispute. In February this year, Prime Minister Narendra Modi announced that the government had finalized an authority to build the temple.
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