The hearing was adjourned as the counsel representing Setalvad and others were not present before the court.
The five persons had sought anticipatory bail from the HC as a sessions court here had rejected their pre-arrest bail plea on March 25.
The sessions judge had observed that there is prima facie documentary evidence against the accused, which needs a thorough probe.
The city crime branch had in January registered an FIR against Setalvad and others for allegedly usurping Rs. 1.51 crore collected by them in the form of donations for turning Gulbarg society into a museum.
The issue had surfaced when 12 residents of Gulbarg society demanded Rs. 1.51 crore from Setalvad last year, alleging that the money collected in their names for making museum at the society was never distributed.
On February 28, 2002, following the Godhra Sabarmati train carnage, 68 people, including former MP Ehsan Zafri, were killed by a mob at Gulbarg Society here during the riots.