The judge, however, granted bail to '1 Above' managers Kewin Baba and Libson Lopez.
The court had last month refused bail to Mojo's Bistro co-owner Yug Tulli.
The police had arrested 14 persons in the case, including owners of the two restaurants and officials of the Municipal Corporation of Greater Mumbai (MCGM), for alleged negligence.
The fire started because of charcoal embers flying from hookah, served illegally at Mojo's Bistro, and spread quickly, said a report of the MCGM's fire department.
Patrons could not escape because illegal alterations had blocked exits, it alleged.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)