The top court was hearing a batch of pleas filed by Setalvad, Anand, the Gujarat police and the CBI arising out of three FIRs lodged against the couple.
Teesta also said the media establishment has completely succumbed to corporatization, to authoritarianism and has become a virtual lackey of the government.
Sreekumar's counsel submitted that he may be granted the relief in view of his age and considering that the charge sheet has been filed.
The Supreme Court early this month granted interim bail to Teesta who was arrested in Mumbai on June 26.
Activist Teesta Setalvad, retired Director General of Police R B Sreekumar and former IPS officer Sanjiv Bhatt were accused of alleged fabrication of evidence in connection with the Gujarat riots.
She had been lodged in the Sabarmati Central Jail here since her arrest on June 26. As per the SC order, she was produced before sessions judge V A Rana for bail formalities.
Congress general secretary Jairam Ramesh claimed cases have been foisted against many activists who are critics of the present dispensation.
The Supreme court noted that the relief was granted as it was a peculiar case and that she happens to be a lady.
A bench comprising Chief Justice Uday Umesh Lalit and justices S Ravindra Bhat and Sudhanshu Dhulia posted the plea of Setalvad for further hearing on Friday.
'She has been made an exception': SC questions delayed listing of bail plea of activist Setalvad by Gujarat HC
It wondered why the high court listed the bail prayer for hearing on September 19, six weeks after it sent a notice to the state government seeking a response to her application.
The top court said, "The matters are therefore disposed of as being infructuous". However, it added that the Naroda Gaon trial must be taken to the conclusion in accordance with the law.
A bench headed by Chief Justice U U Lalit is scheduled to hear Setalvad's plea on Tuesday.
The Gujarat High Court, on August 3, issued a notice to the state government on the bail plea of Setalvad and fixed the matter for hearing on September 19.
Former IPS officer Sanjiv Bhatt is also an accused in the case.
The Special Investigation Team formed to probe the case alleged that the duo were part of a larger conspiracy carried out at the behest of late Congress leader Ahmed Patel.
SIT revealed that Teesta, Sreekumar and Sanjeev Bhatt had accepted Rs 30 lakh from late Ahmed Patel to allegedly frame then Gujarat CM Narendra Modi and destabilise his government.
The nation honoured her by conferring Padma Shri.
Setalvad was arrested last month by the Ahmedabad crime branch along with former DGP RB Sreekumar and ex-IPS officer Sanjiv Bhatt for allegedly fabricating evidence.
Setalvad used to meet the leaders of a "prominent national party in power at that time in Delhi to implicate names of senior leaders of the BJP government in riot cases", the SIT said.
The issue of the Hunter Commission and Setalvad's role came back into the spotlight with several verified social media accounts attacking him.