Gachoka had earlier failed to honour summons which prompted the magistrate to issue the warrant of arrest.
He is jointly sued with talk show host Jeff Koinange by businessman Jimi Wanjigi after they linked his company to the Anglo-Leasing scandal despite a court injunction.
He was ordered to deposit Sh50,000 to secure his release.
The matter will be mentioned on May 25.
On Tuesday, Koinange was released on a cash bail of Sh100,000 after he was arrested for failing to honour similar court summons.
READ: Jeff Koinange freed on Sh100,000 bail in contempt case
Through his lawyer Edwin Sifuna, Koinange told the court that he was not served with the summons and had therefore not deliberately failed to honour it.
“Proper procedure was not followed in serving the summons. My client learnt of it through the media,” Sifuna told the court.
He also argued that the Chief Magistrate’s Court had no business issuing an arrest warrant against his client as contempt of court proceedings fell under the purview of the High Court.
A superior court from which, he informed the Chief Magistrate’s Court, his client had sought relief on Monday and before which he would appear again on Wednesday.
Chief Magistrate Maisy Chesang’ ordered their arrest on May 14 after their failed to honour summons to appear before her to answer to charges of contempt of court.