The welcome procession impeded traffic at several spots, while an 'aarti' performed by the couple had loudspeakers in use even after 10pm, local police officials said.
After they were granted bail on Wednesday, the necessary documents had not timely reached the prisons where they were lodged.
Raut claimed Navneet Rana received a loan of Rs 80 lakh from Yusuf Lakdawala, who was arrested in a money laundering case.
The police sought that the couple's bail be cancelled on the ground that they had allegedly violated one of the conditions imposed by the special court while granting them bail last week.
Member of Parliament Navneet Rana and her MLA husband Ravi Rana have "undoubtedly crossed the line of freedom of speech" guaranteed under the Constitution, but mere expression of derogatory or objectionable words may not be a sufficient ground for invoking the charge of sedition against them, a special court in Mumbai has said.