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Justice Sunil Gaur issued notice to Gupta and listed the matter for further hearing on September 12.
The ED has challenged the June 1 order of a trial court which granted bail to Gupta, arrested by the agency on March 26 under the Prevention of Money Laundering Act.
The trial court had granted him relief on a personal bond of Rs 5 lakh and two sureties of the like amount.
It had put various conditions on the accused, including that he would not tamper with the evidence and not to leave the country without the court’s prior permission.
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Gupta’s counsel had submitted that the accused had always cooperated with the investigation and will be available as and when required by the probe agency as he has deep roots in India. The agency on May 22 had filed a supplementary charge sheet against Gupta.
According to the ED, Gupta’s role in the case came to light on the basis of disclosures made by Rajeev Saxena, who turned approver after he was deported from the UAE and arrested by the agency.