The court said if the accused failed to appear, it will proceed with action against him under the Fugitive Economic Offenders Act.
Following that decision, there is scope for the defence team to seek an oral hearing to plead their case. There are no certain time-frames for the legal processes involved, which could take months.
According to the government official, a scam of this magnitude had potential to create instability in the financial sector but the deft handling saved the entire public sector banking space.
A UK court in its earlier verdict had said that Nirav Modi not only has a case to answer in the Indian courts but that there is no evidence to suggest he would not receive a fair trial in India.
A special PMLA court kept in abeyance the warrant issued against the sister and brother-in-law of fugitive diamond merchant Nirav Modi till further orders.
The government is persuing extradition of Mallya and Modi from the UK while Choksi is believed to be in Antigua and Barbuda
Antiguan PM Gaston Browne had said that citizenship of Choksi, an accused in the multi-crore Punjab National Bank scam, will be revoked and he will be extradited to India.
The jail official said that once Nirav Modi is brought to Mumbai, he will be kept in one of the three cells of barrack number 12, which is a high security barrack.
In a statement, the CBI said the court order vindicated the painstaking probe carried out by the agency especially since Modi had raised various issues on the probe.
The diamantaire, wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, lost his legal battle against extradition.
After a long legal battle, the UK court accepted that the diamantaire had threatened witnesses and tampered with evidence.
The 49-year-old is expected to appear via videolink from Wandsworth Prison in south-west London at Westminster Magistrates' Court
District Judge Samuel Goozee confirmed the timeline on Friday, at the end of closing submissions in the case at Westminster Magistrates' Court in London.
The Crown Prosecution Service (CPS), arguing on behalf of the Indian authorities, focussed on laying out the prima facie case of fraud, money laundering and perverting the course of justice.
The 49-year-old diamond merchant facing charges of fraud, money laundering and intimidating witnesses in the estimated USD 2-billion Punjab National Bank (PNB) scam case.