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Ebrahim Kunju had secured a stay on the single bench verdict which had ordered an investigation into the flyover scam after he appealed against the same before the division bench.
Murali Perunelly equated the salutation 'Jai Bhim' to the beam of a bridge, in the Assembly.
It was in January that the court granted him bail but he was not allowed to leave his home district-Ernakulam and this condition was lifted on Monday.
National Highway chief engineer M Ashok Kumar will open the flyover for traffic at 4 pm on Sunday. PWD minister and senior officials will visit the flyover on the same day.
The flyover had to be closed for traffic and rebuilt as it was found weak owing to poor construction likely resulting from corruption in the award of the building contract.
Expressing doubts over his conduct, the court sought to know whether he had misled it on his health conditions to secure bail.
Youth Congress state secretary PY Shahjahan claimed the public are totally against Kunju and he will definitely lose if AA Rahim is in the fray for the LDF.
During the bail period, he will not be allowed to travel outside Ernakulam district. He also has to surrender his passport to the high court.
Ebrahim Kunju, representing Kalamassery constituency in the state assembly, was interrogated multiple times in the past by the agency in connection with the case.
Kunju's arrest was recorded by the VACB on November 18 at the private hospital.