Lalu Prasad's lawyers claimed that he has completed half of his sentence in judicial custody in the case.
A 13-year-old girl was forced-fed acid while she was returning home from school in Hazaribagh in December last year.
The special secretary of Food and Civil Supplies assured the court that immediate action will be taken after investigating the matter.
The case pertains to the fraudulent withdrawal of Rs 3.5 crore from the Dumka treasury by Animal Husbandry Department officials between 1991 and 1996 when Yadav served as Bihar CM.
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The court further instructed the DGP to monitor the investigation from time to time and ensure its completion at the earliest.
The RJD chief is currently lodged into the Director’s bungalow of RIMS on the campus.
The fodder scam pertains to fraudulent withdrawal of Rs 33.67 crore from Chaibasa treasury during 1992-93, when RJD chief Lalu Prasad Yadav was the chief minister of Bihar.
Counsel Prabhat Kumar said the bail has been sought on the ground that Lalu Prasad Yadav's health condition is deteriorating.
The court sought response from the former Bihar CM on the plea filed by the CBI which said that the HC had 'erroneously' suspended the sentence awarded by the trial court.
Eight out of 11 persons, sentenced life imprisonment by a Ramgarh Court for lynching Alimuddin Ansari a year back, were granted bail.
The bail came as a big relief for the ailing 69-year-old leader, his family and party. Yadav, who has been jailed since December 23 last after conviction in five cases.
The former Union Minister is currently lodged in a Patna jail after his conviction by a CBI court in a fodder scam case.