Saxena, who left Thailand in 1996, is currently living under self-financed house arrest in Vancouver, Canada.
Special Judge Arun Bhardwaj also issued a production warrant against Prasad in the case.
The court granted bail to Rabri and Tejashwi Yadav in the CBI case on a personal bond of Rs 1 lakh and a surety of a like amount.
The case pertains to allegations that Lalu Prasad, as railway minister, handed over the maintenance of two hotels run by the IRCTC, a subsidiary of the Indian Railways, in Ranchi and Puri to Sujata Hotels, a company owned by Vinay and Vijay Kochhar, in return for a prime plot of three acres in Patna through a benami company.
The Central Bureau of Investigation, which had on April 16 filed the chargesheet in the case, had said that there was enough evidence against the accused.
Special Judge Arun Bharadwaj granted relief to Prasad after he was produced before the court through video conference from a Ranchi jail, where he is lodged in another case, as he was unable to come due to health reasons.