Spacey is accused of five offences in Britain, 4 counts of sexual assault by touching, and a more serious charge of causing a person to engage in penetrative sexual activity without consent.
The hearing on the arguments of the actress was held on Wednesday.
The High Court had earlier stayed Babu's arrest till Tuesday, while hearing the anticipatory bail plea last week.
The teenager hailing from another state had arrived in Poopara of Santhanpara with a friend.
On Monday, the survivor filed a petition before the HC alleging the involvement of a member of the ruling front in helping the accused.
The passport was cancelled by the Ministry on the basis of the report filed by the Kochi City Police.
A team led by Shornnur DySP V Suresh is on the search for for two others.
The incident occurred two years ago, but a complaint was filed recently.
The young actor's words on Instagram clearly hint that she felt betrayed by the
Association of Malayalam Movie Artists (AMMA).
The police are also making moves to impound Babu’s passport after realizing that the filmmaker is unlikely to surrender before the authorities.