District Judge Amar Nath gave the relief to National Socialist Council of Nagaland (Isak-Muivah) leader Shimray after NIA did not oppose his bail application.
"The special public prosecutor for NIA states that he has received an email (from the agency) directing him not to oppose the bail application of Shimray.
"It is submitted that the bail of the accused is important in the interest of peace negotiations between NSCN (IM) and the Government of India," the court said.
The judge put several conditions on the accused and asked him not to tamper with evidence and not to leave the country without the court's prior permission.
NIA had alleged Shimray was the chief arms and ammunition procurer of NSCN (IM) insurgent group in the north-east.
In his bail application, the counsel for Shimray claimed that he was innocent and had wrongly been apprehended by NIA.
Shimray, who was in judicial custody, was arrested by the agency in October 2010.
NIA had said that a case was lodged against Shimray, T R Calvin, Hangshi Ramson Tangkhul and others under various sections of IPC and the Unlawful Activities (Prevention) Act for allegedly conspiring to procure huge quantities of arms and ammunition from foreign countries.
It had alleged that these arms were to be used for committing terror activities and waging a war against the Government of India.
The accused, the agency had said, had negotiated with arms dealers in Thailand and China for purchase of arms and ammunition. They had also deposited money for the purpose with foreign arms-selling firms, NIA had said.
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