Mr Dutt appeared briefly before the Andheri Court Magistrate CV Patil along with a team of lawyers to file his application on the reasons why he failed to attend the hearing previously.
The process was initiated by Magistrate Patil during the hearings concerning a cheque bouncing case filed against Mr Dutt by producer Shakeel Noorani in 2013.
The court accepted Mr Dutt's application and cancelled the arrest warrant.
After the hearing, Mr Dutt quickly moved out of the court premises, avoiding contact with the media.
Earlier, Mr Dutt was summoned to appear before court on February 7, but he skipped the date after which a bailable arrest warrant was issued on April 15 when too he remained absent.
However, Mr Dutt's team late on Saturday night claimed that the situation arose due to a communication lapse with the legal team.
"We respect the urgency shown by the honourable court regarding our attendance/representation, and we would take immediate measure to rectify the situation," a spokesperson had said.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.