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In a major boost to India's efforts to bring back Mallya, who is wanted for loan default worth around Rs 9,000 crore to a consortium of 13 banks led by SBI, a UK court Monday ordered his extradition.
Mallya, who co-owned the Formula One motor racing team Force India until it went into administration in July, has denied all wrongdoing and argued the case against him was politically motivated.
The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year.
The 62-year-old former Kingfisher Airlines boss, wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores, has been on bail.
Making a reference to his liquor group United Breweries, Mallya said that "India's largest alcoholic beverage group" had contributed "thousands of crores" to the state exchequer over the years.
The BJP Thursday came out strongly in defense of its leader Arun Jaitley, a day after Mallya claimed he met the finance minister before leaving India, in 2016.
The 62-year-old former Kingfisher Airline boss reached the Westminster Magistrates' Court at around 2 pm IST.
The observation by the apex court assumes significance as Mallya's extradition proceedings are going on in London, has been raising the issue of alleged deplorable conditions in the Indian prison.
UK court asks India to submit video of Mumbai jail cell; sets September 12 for hearing in Vijay Mallya extradition case
Mallya before entering the Westminster Magistrates' Court in London said that the allegations of money laundering & stealing money are completely false.
The 62-year-old former Kingfisher Airlines boss is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores.
India has asked Britain to extradite Mallya to face trial after the liquor and aviation tycoon fled there in March 2016.
Mallya, who is wanted in India over loan default, said he had written letters to both the Prime Minister and the finance minister on April 15, 2016, to explain his side of the story.
The court also issued summons to Mallya's firms, Kingfisher Airlines (KFA) and United Breweries Holdings Limited (UBHL), before adjourning the hearing in the case to July 30.
The 62-year-old former businessman parliamentarian had first represented Karnataka as the member of the Upper House of Parliament between April 10, 2002 and April 9, 2008.
The 62-year-old owner of Kingfisher Airlines is wanted in India to face charges of fraud and money laundering amounting to around Rs 9,000 crore.