Like for any such incident, versions vary. After the driver jumped a redsignal, he was stopped and the SI got him sign on a paper. Apparently, the driver's ID was confiscated. The driver, in fit of rage, went to the next junction, parked the bus in the middle of the road, and went to gather his colleagues.
Meanwhile, vehicles piled up, and morning office goers, who were getting impatient, got on to the street; and targeted vehicles. A police vehicle that reached there was overturned and set afire. Plus damage to other infrastructure. In the end, to recover some Rs 100 or so, lakhs of rupees worth of material was lost!
One, people have no sense that public property is, in effect, their own property. Two, our giant-sized egos overshadow civic responsibility and discipline. For many of us, obeying traffic rules is a matter of shame rather than duty.
People in power should play fair and lead by example. To some extent the good will trickle down to the lower end. To straighten out diehard violators, systemic loopholes will have to be plugged.