Transit bail

You have confused the facts. Regular bail means that you've been taken into formal custody either by court or by police. When you say that your regular bail has been declined, it means that you were formally taken into custody and also that (regular) bail was declined to you which means you continue to be in custody. In such a situation, there is no question of granting anticipatory bail, which is only prior to arrest or custody. Therefore, the High Court is right that you cannot apply for anticipatory bail if your regular bail application is already rejected.

If the above facts are correct, and if you are in custody (due to rejection of your regular bail application), then the only remedy is to apply for regular bail again after lapse of a reasonable time period, especially when there is a change of circumstances. There is no bar to filing repeated regular bail applications if you continue to be in custody, provided there is a change in circumstances.