A division bench of Acting Chief Justice K K Lahoti and Justice M A Siddiqui refused to stay the process of seizure of their properties initiated by the state government.
The Joshi couple had filed a petition challenging the seizure order and also questioned the legality of the Special Court-2011 Act.
However, the bench refused to grant any relief to them.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan had given his nod to prosecute them and recommended confiscation of their property in a case of disproportionate assets registered against them.