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Rizvi had filed a bail plea citing the example of Bharat Shah.
Rejecting the plea, Justice S S Parkar observed that Rizvi's case was different from that of Shah's.
He, however, allowed Rizvi to undergo treatment for spondylitis in Bombay Hospital and told him to apply for bail in case his condition deteriorated.
Meanwhile, the Mumbai city police have begun an inquiry into the funding of the film Devdas, which is supposed to have cost Rs 500 million to make, a police officer said in Mumbai.
Its producer Bharat Shah has complained that Abu Salem had demanded Rs 50 million from the profits of the film Devdas or face dire consequences, Maharashtra Deputy Chief Minister Chhagan Bhujbal has said.
Gangster Abu Salem had recently created a stir by claiming to be the actual financier of Devdas while denying that he had tried to extort money from Shah.
Abu Salem used to work for the Dawood Ibrahim gang till some years ago, handling underworld operations concerning Bollywood till he broke away to operate independently.
The Bharat Shah case: Complete Coverage
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