New Delhi, Jun 21 (IANS): The Delhi High Court on Friday reserved its order on the Enforcement Directorate's plea seeking a stay on the release of Chief Minister Arvind Kejriwal on bail.

A Delhi court on Thursday granted bail to the Chief Minister in connection with a money laundering case related to the now-scrapped excise policy, but the high court has stayed the order till it pronounces its final order on ED’s plea, which also means that the CM will remain in judicial custody.

The high court said that it would pass its order in two to three days.

The ED on Thursday had sought a 48-hour deferral in signing the bail bond following the pronouncement of the order. However, the trial court firmly denied the ED's plea for a stay.

On Friday, the ED moved High Court challenging the lower court's bail order. The plea was urgently mentioned before a vacation bench comprising Justices Sudhir Kumar Jain and Ravinder Dudeja by Additional Solicitor General, S.V. Raju, on behalf of the ED.

"I am moving for an urgent stay. The order was pronounced yesterday at 8 p.m. The order is not uploaded. We were not given a clear opportunity to oppose bail," he argued.

ASG Raju further said that his prayer for a stay on the bail order wasn't even considered. "I am demanding that the order be stayed and the matter be heard as soon as possible. We were denied the full opportunity to argue the case. I am making allegations with full seriousness," he stated.

Senior advocate Abhishek Manu Singhvi, representing CM Kejriwal, opposed the stay request, citing legal precedents. "There are ten Supreme Court judgments that cancellation of bail is radically different from grant of bail," he contended.

After hearing arguments from both sides, the High Court directed that the bail order should not be enforced until the matter is heard in full. "The bail order will not be given effect. We have not passed the final order. You may argue as much as you can," the Bench stated, effectively halting CM Kejriwal's release.