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SC granted bail to Sisodia on Friday.
A bench of justices B R Gavai and K V Viswanathan said Sisodia has been in custody for 17 months and trial has not yet commenced, depriving him of the right to speedy trial.
The coaching centre incident has triggered a political blame game in the national capital.
The accused were produced before the court through video conference.
Delhi cabinet minister Atishi said that there was an "acute" danger to Kejriwal's health in judicial custody as his sugar levels have been falling dangerously low.
The Directorate of Enforcement arrested the Delhi Chief Minister on March 21 in a money laundering case.
ASG SV Raju, appearing for the ED, opposed the plea of Kejriwal and said the high court is about to pronounce the verdict on its stay application.
The incident occurred during a protest led by BJP leader Ramesh Bidhuri.
BJP's North East Delhi candidate Manoj Tiwari, who is pitted against Congress's Kanhaiya Kumar, was leading by a margin of 43,649 votes.
Kejriwal was released from jail on May 10 on interim bail granted by the Supreme Court for campaigning in the Lok Sabha polls.
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