The High Court, which heard the matter during the vacation, admitted the appeal and listed the matter for further hearing on November 25, the lawyer said.
The court, however, granted bail to the convict persons to enable them to approach the high court against the verdict.
Special Judge Bharat Parashar reserved the order for October 26 after hearing arguments from the CBI as well the convicts.
Say bid by Modi Govt to buy silence from the belligerent leader.
Special Judge Bharat Parashar convicted Ray, former minister of state (coal) in the Atal Bihari Vajpayee government, for criminal conspiracy and other offences.