Justice R R Prasad passed the order stating after hearing the petition it was not inclined to give bail and thereby rejected it.
Lalu is serving a sentence of five years in Ranchi's Birsa Munda prison after he was found guilty in fodder scam case.
On Wednesday, Jharkhand High Court had reserved the order on Lalu's bail petition for Thursday.
The plea was taken up for hearing by the bench headed by Justice RR Prasad. The court, on October 25, had granted provisional bail to another former Bihar Chief Minister Jagannath Mishra in the same case.
Lalu is serving a sentence of five years in Ranchi's Birsa Munda prison.
Lalu, Mishra and 43 others were on September 30 convicted by the special CBI court judge Pravas Kumar Singh in the fodder scam involving fraudulent withdrawal of Rs 37.7 crore from Chaibasa Treasury during Lalu Prasad Yadav led RJD Government regime in the State.
The CBI court had pronounced varying prison terms to the convicted on October 3. Lalu and others have also moved the High Court against the verdict.
(With agency inputs)