Chaudhary has challenged the order of the Mehsana district court which rejected his anticipatory bail plea.
"There is no such irregularities as alleged by the probe agency, as the petitioner has all the records regarding the donation (of cattle feed to drought-hit areas in Maharashtra)," his lawyer, advocate N P Chaudhary, argued.
Justice Anant Dave admitted the petition for final hearing and issued notice to the state. The next hearing would be on April 3.
He wanted to get political mileage from the donation, the petition accused. The HC then directed the state government to probe the matter; crime branch of Mehsana police and the cooperative department conducted the probe.
The police had earlier arrested accountant-general manager and managing director of Dudhsagar Dairy in the case, both of whom last month got bail from the High Court.