Additional Sessions Judge Sidharth Sharma noted that the other accused acquitted or discharged by the trial court and the Delhi High Court, were facing more serious charges than Kawa.
The court granted the relief to Kawa on furnishing of a personal bond of Rs 50,000 and a surety of the same amount, and directed him not to hamper the probe.
Kawa was arrested from Terminal-3 of the Delhi airport on January 10 during a joint operation by the Delhi Police and the Gujarat Anti-Terrorism Squad (ATS), and currently was in judicial custody.
The police have alleged that Kawa had received Rs 29.5 lakh from Pakistan to fund the terror attack on the historic Red Fort on December 22, 2000, in which three people, including two Army jawans, were killed.
They told the court that Kawa, one of the conspirators in the attack, was absconding for 17 years and had been declared a proclaimed offender.
While Kawa was on the run, a trial court in October 2005, awarded death sentence to Pakistan-based LeT terrorist Mohammad Arif alias Ashfaq. Two key conspirators -- Nazir Ahmed Qasid and his son Farooq Ahmed Qasid -- were awarded life imprisonment.
On September 2007, the Delhi High Court had upheld the death sentence to Ashfaq, saying terrorists who have no value for human lives deserved capital punishment.
The high court, however, acquitted six others, including Farooqui, citing lack of sufficient evidence against them.
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