Justice Anu Malhotra, besides Koda, extended the bail of his close aide Vijay Joshi till the pendency of his appeal.
The court also suspended the three-year jail term of former Jharkhand chief secretary A K Basu till it decided the matter, by granting him bail on furnishing of a personal bond of Rs one lakh and a surety of the like amount.
Taking note of the submission, the court fixed April 16 for hearing the appeals and asked the parties to file their written submissions.
It directed the convicts to be present before it on the next date of hearing.
The order came on the convicts' plea seeking suspension of the sentence and regular bail till pendency of his appeal before the high court.
The convicts were granted statutory bail for a period of two months to enable them file appeals in the high court challenging the verdict.
In his appeal, Koda has claimed the trial court order holding him guilty was bad in law.
The high court has stayed the trial court order also imposing a fine of Rs 50 lakh, Rs 25 lakh, Rs 25 lakh and Rs one lakh on VISUL, Koda, Joshi and Basu respectively.
While sentencing the convicts, the special court had said "white collar crimes" were more "dangerous" to the society than ordinary crimes.
The trial court had also imposed a fine Rs 1 lakh on Gupta in the UPA-era coal scam.
The convicts were tried for offences under sections 120-B (criminal conspiracy) read with 420 (cheating) and 409 (criminal breach of trust by public servants) of the IPC and under provisions of the Prevention of Corruption Act.
The CBI had said that the firm had applied for allocation of Rajhara North coal block on January 8, 2007.
It had said that although the Jharkhand government and the steel ministry did not recommend VISUL's case for coal block allocation, the 36th Screening Committee recommended the block to the accused firm.
The CBI had said that Gupta, who was chairman of the screening committee, had concealed facts from then prime minister Manmohan Singh, who at that time headed the coal ministry too, that Jharkhand had not recommended VISUL for allocation of a coal block.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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