Additional Chief Metropolitan Magistrate Paras Dalal granted relief to the accused on a personal bond of Rs 50,000 and one surety of like amount.
The judge clarified that Balyan was arrested on Wednesday in the second case while he was in police custody.
Earlier in the day, police moved an application before the court seeking its permission to arrest Balyan in the case lodged under the stringent Maharashtra Control of Organised Crime Act (MCOCA).
The judge, however, dismissed the application, calling it “not maintainable” and said, “whichever agency wants can arrest him (Balyan) as per the law”.
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In the extortion case, the police told the court that the accused was not required for further custodial interrogation and sought his 14-day judicial custody.
