Justice A K Pathak granted him the relief subject to furnishing a personal bond of Rs 25,000 with one surety of a like amount.
The court also directed the student not to contact the girl or her family members or influence any witness in the case.
As per the prosecution, the boy first came in touch with the 14-and-a-half year old girl through a social networking site in December last year and on December 29, 2017 took her to a park here and allegedly raped her.
He said the girl was medically examined only on January 1, 2018.
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"Even in the statement, the prosecutrix has not levelled any allegations of rape or oral sex. In FIR, the girl has simply stated that the petitioner has been conversing with her on WhatsApp and Instagram. She has improved her version at the behest of her father," Aggarwal submitted.
Additional Public Prosecutor M P Singh, appearing for the Delhi Police, contended that the girl, a minor, was studying in class nine, whereas the accused is 18-years-old and is pursuing B Tech from Manipal University in Jaipur.