The Jharkhand High Court today reserved its judgement on a bail plea moved by industrialist R K Agarwal in connection with the horse-trading case during the 2012 biennial Rajya Sabha election.
Justice R R Prasad reserved the judgement after hearing the arguments on both sides.
Agarwal's counsel contended that a false case was lodged against its client, while CBI refuted it and objected his bail petition.
CBI took over the case after Election Commission countermanded the Rajya Sabha polls for two seats in April last year after the seizure of Rs 2.15 crore from a car. Police had alleged that the money belonged to Agarwal's relative.
Later, Election Commission had issued a fresh notification to complete the biennial elections.