The judgement was reserved on the bail plea of the Noida-based couple by a Division Bench comprising Justice Rakesh Tiwari and Justice Anil Kumar Agarwal.
The couple had been awarded life sentence by a CBI court on November 26, 2013, after which they moved the High Court in January this year challenging their conviction.
Later, they moved another application with the request that they be released on bail until their appeal was pending.