Thane Additional Sessions Judge P H Mali granted bail to two of the accused.
This is the third time the bail applications of these accused have been rejected since their arrest in April.
Charge sheets were filed against two builders -- Abdul Salim Aziz Siddiqui and Jamil Ahmed Jalaluddin Shaikh, besides Deputy Municipal Commissioner Deepak Chavan, corporator Hira Patil, engineer Ramesh Inamdar, police constable Jehangir Umarali Sayyed, middlemen, material suppliers and collection agents.
A total of 23 accused were arrested by the police in connection with the case, while four more are still at large.
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