On April 28 this year, a trial court here had convicted Jain and two others for conspiring to kill Bhandarkar and sentenced them to three years imprisonment.
The court had on the same day suspended Jain's sentence for a period of four weeks and granted her bail till May 25.
Jain's appeal and application seeking extension of the bail granted to her came up for hearing today before a vacation bench of Justice M S Karnik.
In the appeal against the conviction, Jain said that the trial court has erred in convicting her.
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"The trial court in its order has said the FIR was not properly recorded and that the prosecution has not been able to prove the motive theory also against Jain," Jain's lawyer Sujit Shelar said.
The case dates back to July 2004, when Jain had lodged a complaint against Bhandarkar accusing him of raping her on multiple occasions since 1999 under the pretext of giving her a lead role in his films.
In 2005, Jain was arrested for conspiring to kill the film director.
The police claimed that the plot came to light when she approached the Akhil Bharatiya Sena to recover Rs 40,000 that she had allegedly paid to one Naresh Pardeshi to eliminate Bhandarkar.
The filmmaker was one of the 51 witnesses whom the prosecution had produced before the trial court.