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Additional Sessions Judge V M Pathade allowed Bhinde’s bail plea on Saturday.
Bhinde, through his lawyer Sana Khan, had contended the unfortunate incident was an “act of God”, and that he was implicated for “political vendetta”.
The hoarding installed in Ghatkopar area collapsed due to “unexpected, unusual wind speed” and no fault can be attributed to the applicant (whose firm had installed it), advocate Khan argued.
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Bhinde has been booked on the charge of culpable homicide not amounting to murder.
The prosecution opposed bail to Bhinde, saying there was enough evidence to show he was actively involved in the case.
Seventeen persons, including a former general manager of the Mumbai airport’s Air Traffic Control and his wife, died after the billboard crashed onto a petrol pump on May 13 during sudden dusty winds and unseasonal rains.
It was alleged that the hoarding had been put up illegally on railway land.