Vijay Mallya Extradition Trial

While congratulating the Indian government over the Rs 20 trillion economic package, Mallya lamented that his repeated offers to repay his dues have been ignored

Vijay Mallya's fate is now with the UK government.

Mallya, 64, who is wanted in India on charges of fraud and money laundering amounting to Rs 9,000 crores in unpaid bank loans, said he felt "good" as he entered the court.

Representatives from the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI), as well as the Indian High Commission in London, were present in court for the hearing.

The 63-year-old former Kingfisher Airlines boss said he was feeling "positive" as he entered the Royal Courts of Justice, where Justices George Leggatt and Andrew Popplewell began hearing the argument

Nirav Modi was arrested by the Scotland Yard officers from a bank in central London as he attempted to open a new bank account on March 19

Mallya was declared as fugitive following a plea filed by the Enforcement Directorate (ED) in the special FEOA court

Mallya's reply also stated that the ED's application, in its endeavour to confiscate assets, is one which is contrary to public and national interest

Upon his return the agency was asked by the Bureau of Immigration (BoI), if Mallya should be detained as sought in the LoC to which the CBI said there was no need to arrest or detain him

The Union minister also questioned why a second restructuring of Mallya's loan was allowed in 2010 contrary to rules.

The government, the Congress said, was fully complicit in the flight of people such as Mallya and Punjab National Bank fraud accused Nirav Modi and Mehul Choksi from the country

Mallya has now been bailed to appear before the court on December 10, marking the conclusion of the year-long extradition trial which opened on December 4 last year

The judge is also expected to hear the final closing arguments in the case, after which a timeline for her ruling is likely to become clearer

The 62-year-old former Kingfisher Airlines boss, who has been on bail since his arrest in April last year, is fighting extradition to India, citing mainly the poor condition of jails

The next hearing is scheduled to take place on April 27

The 62-year-old businessman is on trial for the UK court to rule if he can be extradited to India to face charges of fraud and money laundering amounting to around Rs 90 billion

Vijay Mallya whose bail on an extradition warrant has been extended until April 2 is wanted in India on charges of money laundering amounting to 90bn

Mallya was arrested by Scotland Yard on an extradition warrant in April, 2017 and has been out on bail on a bond worth 650,000 pounds

Thursday's hearing was expected to be one of the final hearings in the case but it remained inconclusive as the defence is yet to complete its arguments