Metropolitan Magistrate Harvinder Singh dismissed the application moved by Gilani's counsel, after police submitted that the mobile phone has been sent to Forensic Science Laboratory for examination.
The court, however, directed the city police to release Gilani's car and other articles seized in the case.
A court had granted bail to Gilani on March 19 in the case on furnishing of a personal bond of Rs 50,000 with one surety of the like amount.
According to police, an event was held on February 10 in the Press Club in which banners were placed showing Parliament attack case convict Afzal Guru and Maqbool Bhat as martyrs.
It had also said the hall in the Press Club was booked by Gilani, through his associate Ali Javed by using his credit card and another man Mudassar was also involved.
At the event, a group had allegedly shouted slogans hailing Guru, following which the police had lodged a case under sections 124A (sedition), 120B(criminal conspiracy) and 149 (unlawful assembly) of the IPC against Gilani and other unnamed persons.
Following registration of the FIR, the police questioned DU professor Javed for two days.
Gilani was arrested in connection with the 2001 Parliament attack case but was acquitted for "need of evidence" by Delhi High Court in October 2003, a decision upheld by the Supreme Court in August 2005.
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