"The intervention plea was rejected. Final hearing in the matter is likely to start next week," said petitioner Pravin Wategaonkar.
According to the petition, during Nilangekar's tenure as the revenue minister, he allegedly granted certain approvals to the society illegally. It sought that he be made an accused in the case.
Wategoankar had filed a similar application in the Bombay High Court earlier but withdrew it after the CBI, in an affidavit, gave Nilangekar a clean chit.
Adarsh Society, a high-rise which stands in a south Mumbai locality, allegedly obtained several concessions on construction rules in lieu of flats to politicians and bureaucrats.