A bench headed by Chief Justice N V Ramana directed Rane, son of Union minister Narayan Rane, to surrender before the trial court in the meanwhile and seek regular bail in the matter.
The Bombay High Court on January 17 had refused to grant pre-arrest bail to Rane in the case, noting that a balance was needed between conflicting considerations of personal liberty and a proper investigation in the matter.
A single-judge bench of the high court had rejected the anticipatory bail applications of Rane and another accused Sandesh Sawant, but had allowed a similar plea of the third accused in the case, Manish Dalvi.
The case relates to alleged attack on a Shiv Sena activist in the coastal district.
(With inputs from PTI)