The 61-year-old former chief of erstwhile Kingfisher airlines, who has been out on bail since his arrest in April, arrived for the hearing in Court Room 3 after a number of other extradition cases on schedule for the day.
"I have not alluded any court...I have enough evidence to prove my case," Mallya told reporters outside the court.
Chief Magistrate Emma Louise Arbuthnot will preside over what is referred to as a "case management hearing", when a final hearing date is expected to be set.
Mallya's defence team is being led by the firm Joseph Hague Aaronson LLP. They have instructed barrister Clare Montgomery, a specialist in criminal, regulatory and fraud law,to argue in court on their behalf.
The CPS have instructedMark Summers to act as barrister for the CPS Extradition Unit and the Government of India.
Summers is a leading expert in extradition and international law matters.
"There might be a few more hearings in this case in the coming months to deal with case management or any issues that arise, before the final hearing takes place, at which the full arguments from both sides in this case will be heard by the Judge,"explainedJasvinder Nakhwal, partner at Peters and Peters Solicitors LLP and member of the UK's Extradition Lawyers Association.
"Our aim is to build a strong, infallible case and these meetings will help resolve issues across the table. The CPS will be arguing based on documents provided by CBI and ED, therefore a joint team is here to address queries they may have," official sources had said after the meeting held in early May.
A CBI official has also flown in from Delhi for the hearing today.
Last week, Mallya was welcomed with chants of "chor, chor" by Indian cricket fans as he arrived to watch the India vs South Africa Champions Trophy match at The Oval cricket ground in London.
Mallya, who is wanted in India for Kingfisher Airlines' default on loans worth nearly Rs 9,000 crores, has been in the UK since March 2016 and was arrested by Scotland Yard on an extradition warrant on April 18.
He had attended a central London police station for his arrest and was released on conditional bail a few hours later after providing a bail bond worth 650,000 pounds, assuring the court of abiding by all conditions associated with extradition proceedings, such as the surrender of his passport and a ban on him possessing any travel documents.
If the District Judge rules in favour of extradition at the end of the trial, the UK home secretary must order Mallya's extradition within two months of the appropriate day. However, the case can go through a series of appeals before arriving at a conclusion.
India and the UK have an Extradition Treaty, signed in 1992, but so far only one extradition has taken place under the arrangement - Samirbhai Vinubhai Patel, who was sent back to India last October to face trial in connection with his involvement in the post-Godhra riots of 2002.
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