Additional Sessions Judge Yashwant Kumar allowed the bail plea of Kanda saying he had abided by the court's order when he was out on interim bail for a month in September last year to attend the state Assembly session.
It however, imposed several conditions on Kanda including that he will deposit his passport with the court, not leave the country and will also not flee from justice.
The court also directed Kanda to furnish a personal bond of Rs 5 lakh and two sureties of the like amount.
Giving reasons for allowing Kanda on bail, the court said the investigation in the matter is over and police has also seized all the articles related to the case.