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The development comes months after the Milan court acquitted Giuseppe Orsi, the former president of Finmeccanica, and Bruno Spagnolini, the former CEO of the AgustaWestland helicopter unit.
Some media reports had said a Dubai court ordered Michel's extradition to India, but sources had later indicated there was no such specific court order.
VVIP chopper scam: Christian Michel has till October 2 to appeal extradition decision, says media report
In a decision dated September 2, the Dubai Court of Appeals had ruled that the British middleman can be extradited to the authorities concerned in India.
Law Minister Ravi Shankar Prasad called it a positive development and in an apparent reference to the Congress, claiming the news had created unease among some leaders.
CBI sources said the agency was in touch with MEA officials but they did not receive any official communication from the United Arab Emirates.
The ED, in its charge sheet filed against Michel in June 2016, had alleged that he received about Rs 225 crore from AgustaWestland.
The ED also told the court that some of the accused are based outside India and it takes minimum of three months to serve the accused persons through proper channel through MHA.
The Enforcement Directorate (ED) today told a Delhi court that it has enough evidence to prosecute former AgustaWestland and Finmeccanica directors Giuseppe Orsi and Bruno Spagnolini.
CBI refuted when asked about the claims of Michel's lawyer that he was being pressured by the Indian and UAE authorities to give a confession and name Congress leader Sonia Gandhi in his statement.
The ED, in its charge sheet, has alleged that money was laundered through multiple foreign companies which were used as fronts to park alleged kickbacks.
Congress also alleged that Prime Minister Narendra Modi was using investigative agencies to carry out a smear campaign against opposition leaders.
Congress slammed Prime Minister Narendra Modi for allegedly conspiring to frame former party chief Sonia Gandhi in the AgustaWestland helicopter deal.
VVIP chopper scam: ED files supplementary charge sheet against seven, including former IAF chief SP Tyagi
The agency has filed a supplementary charge sheet against former Air Force Chief S P Tyagi, his two cousins, lawyer Gautam Khaitan, two Italian middlemen and Finmeccanica.
AgustaWestland VVIP chopper case: Indian authorities fail to produce evidence against British middleman in UAE court
In a setback to efforts to extradite British national Christian Michel James, Indian authorities failed to produce any evidence before the UAE courts within the stipulated time.
As per the source, the investigative agency has said that according to Italian law an extradition treaty is not required for the extradition of a person facing criminal charges.