"We will move the higher court praying for Mitra's bail cancellation," the investigation officer dealing with the case told PTI.
The officer said CBI would move the higher court next week.
Asked to elaborate, the officer, who was not present in the court hearing today as he was out of station said "I have just landed".
"The Saradha probe had reached an advanced stage and Mitra getting bail at this juncture would have the potential to jeopardise the probe process," he added.
A judge of Alipore court today granted bail to Mitra, who had been under arrest for over ten months.