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.
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.
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
Special judge for cases under the Prevention of Money Laundering Act VC Barde rejected Gokulnath Shetty's bail plea.
A bench of Chief Justice D N Patel and Justice Jyoti Singh further observed that there was no urgency in the matter, the view firmly supported by Netflix.
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.
The diamond merchant's younger sister Purvi Modi (47) is a Belgian national while her husband Maiank Mehta is a British citizen.
The 49-year-old businessman has been behind bars at Wandsworth Prison in south-west London since his arrest last year following India's extradition request for him.
Vipul Chitalia, who was arrested by the Central Bureau of Investigation in March 2018, had filed a bail application for the second time.
The final hearings in the extradition case are scheduled over two days, on January 7 and 8 next year.