The court had rejected his bail plea last year after he was arrested in March 2016.
The NCP MLA said in his fresh application before the special court for Prevention of Money Laundering Act (PMLA) that it had been over a year since his arrest, and his custody was not required as the investigation was over.
The ED has alleged that Bhujbal and his family received kickbacks for grant of contracts for construction of Maharashtra Sadan (state guest house) in Delhi and Kalina Central library in Mumbai.
The PMLA court has asked the ED to file a reply to the bail plea.