The allegations point towards money paid as salaries to Setalvad, her husband and daughter.
Less than a week after a bench called the allegations ‘grave’, the bail plea has now been listed before another bench.
Earlier, the court had stayed the arrest of the five till April 4.
Twelve residents of Gulbarg society had demanded Rs 1.51 crore from Setalvad last year alleging that the money collected in their name was never distributed.
Ajay Choksi, special public prosecutor, said that the court upheld the argument.
Teesta and her husband have been booked by the Crime Branch of Gujarat Police on the charges of cheating, breach of trust and under the IT Act.
The middle class seems to think saying sorry is enough to move on from gross violations.
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There,little else will be. Both protesters and writers should remember that
Take a closer look at the Supreme Court order.