The duo was arrested yesterday by the Mumbai Anti Terrorism Squad (ATS) after a Delhi court allowed its plea seeking their custody, saying their custodial interrogation was required to complete the probe.
Special public prosecutor Ujjwal Nikam told judge Y D Shinde that Bhatkal was the key conspirator of the three powerful blasts which ripped through crowded areas in Mumbai on July 13, 2011, killing at least 21 people and injuring 141.
Nikam also told the court that they want to find out how the money was routed through hawala to execute the blasts.
"The court has allowed us to hand cuff the accused while being transported," he said.
However, defence lawyers told the court that since the ATS was conducting supplementary investigation, the accused should be remanded in judicial custody.
They also told the court that Bhatkal and Akhtar don't want to make any confessions to ATS about the crime.
Meanwhile, before the hearing, the court appointed lawyer V D More from legal aid panel to represent Bhatkal, who wore a smile on his face during the court proceedings while Akhtar had a grim look.
Earlier, five accused - Naquee Ahmed, Nadeem Shaikh, Kanwar Pathrija, Haroon Naik and Mohammed Qafeel Ansari were held in the case and are facing trial under the stringent Maharashtra Control of Organised Crime Act (MCOCA), Indian Penal Code and other laws.
Those wanted in the case are Riyaz Bhatkal, who is also a top operative of the alleged home grown terror outfit, Waqas Ibrahim Sad, Dubai-based Muzaffar Kolah and Tehseen Akhtar Shaikh, the police said.
The National Investigation Agency (NIA) had arrested Yasin Bhatkal (30), who is wanted in over 40 terror cases and carries a reward of Rs 35 lakh, as well as Akhtar, from the Indo-Nepal border on the night of August 28 last year.
Bhatkal, who was earlier associated with banned outfit SIMI, is suspected to have allegedly conspired along with others to "wage war against India.
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