On Supreme Court directions, Khan appeared before the division bench here of justices Sudhir Agarwal and Ravindra Nath Mishra-II and tendered an apology.
The court listed the case on March 21 and said that Khan need not appear in person on that date.
It further directed that whatever decision he takes in the matter should be brought to the notice of the court through an affidavit sworn by him.
Azam stated that records related to the case are being examined by him but he needs more time to take an appropriate decision in the matter.
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Permitting him, the court asked him to inform it of his decision through an affidavit within 10 days.
The court cancelled the bailable warrant against Khan, who is the chairman of UP Jal Nigam, as he was personally present.
On March 1, the court had issued the bailable warrant against Khan for securing his presence in the court on March 6.
The apex court yesterday directed him to appear today before the Allahabad High Court to honour the bailable warrant.
The apex court, which rebuked the Samajwadi Party's minority face for "hoodwinking" the high court, had also expressed surprise that the bailable warrant could not be served on a serving minister of the Uttar Pradesh cabinet.