Additional Sessions Judge Neera Bharihoke granted the relief to Azad on furnishing a bail bond of Rs 20,000 and a surety of like amount.
The Delhi Development Authority (DDA) had on August 10 demolished the temple, complying with an order of the Supreme Court.
The protesters have been demanding that the government hand over the plot of land in Tughlaqabad to the community and rebuild the temple.
Organisations said they would launch a signature campaign for the temple to be reinstated at the very same spot.
On August 10, the temple in Jahanpanah Forest was removed by DDA on the direction of the Supreme Court.
On Wednesday, Bhim Army took out a march against the demolition of a Ravidas temple which took an ugly turn, prompting police to resort to 'mild lathicharge' and use tear gas to disperse the crowd.
Azad claimed BASF was aimed at empowering Dalit students with the organisational support of his outfit as they face multiple issue on various campuses and institutions of higher education.
According to the police, Nautiyal had warned of dire consequences for those 'creating obstacles' in reconstructing a demolished temple and reinstalling a statue of Dalit icon Sant Ravidas in Delhi.
Chief of the Dalit outfit, Chandrashekhar Azad, who managed to reach the Umbha village where the incident happened last week, met the families of those killed over control of land.