A division bench of justices R V More and Shalini Phansalkar-Joshi has been hearing the arguments in the case since last one month.
The court today reserved its order after the National Investigation Agency (NIA) counsel Sandesh Patil completed his arguments.
Patil while opposing the bail plea argued that there was prima facie evidence in the form of audio and video recordings, call data records and witness statements that divulge Purohit's involvement in the case.
Purohit on the other hand had argued that NIA was "selective" in exonerating some accused persons and that the agency had made him a "scapegoat" in the case.
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