After conclusion of the hearing by the Central Bureau of Investigation (CBI) counsel against Mr Prasad's bail plea, the bench of Justice RR Prasad reserved the order for tomorrow.
The court had on October 25 granted provisional bail to another former Bihar chief minister Jagannath Mishra.
Mr Prasad, Mr Mishra and 43 others were on September 30 convicted by the special CBI court Judge Pravas Kumar Singh in the fodder case involving fraudulent withdrawal of Rs 37.7 crore from Chaibasa Treasury during the Lalu-led RJD regime.
The CBI court had pronounced varying prison terms to the convicted on October 3.
Mr Prasad and others have also moved the high court against the verdict.