"NCP will decide on the issue after the SC ruling on August 21," state spokesperson Madan Bafna told reporters here, replying to a query.
Deokar submitted his resignation to Maharashtra NCP president Madhukar Pichad on Tuesday, but the party seems to be sitting on the letter.
"We have received Deokar's resignation, which we had sought. We will take a call on the matter after the apex court ruling," Bafna said.
The Bombay High Court recently cancelled the bail to Deokar. Jalgaon police have sought government permission to prosecute Deokar in the case and had even arrested him on May 21 for his alleged involvement in the 15-year-old mass housing scam.
Deokar, NCP's face in Jalgaon in north Maharashtra, faces charges of criminal conspiracy, cheating, forgery and corruption in the scam involving fraud in the construction of 11,000 low cost houses.
In March, Shiv Sena MLA and former Maharashtra minister Suresh Jain was arrested in the Gharkul scam. Jain, who was a Minister for Housing during the Shiv Sena-BJP rule in the 1990s, was arrested for allegedly favouring a builder and indulging in irregularities to the tune of Rs 29 crore.