The 48-year-old businessman, wanted in India in connection with the multi-crore Punjab National Bank (PNB) fraud case, was arrested from Holborn here on March 19. Since then he has been fighting extradition proceedings.
The court cited alleged efforts to interfere with witness statements and destruction of evidence for extending Nirav Modi's judicial custody.
The businessman and his uncle Mehul Choksi are being investigated by the Enforcement Directorate and the Central Bureau of Investigation after the PNB alleged that they cheated it of Rs 13,500 crore with the involvement of a few bank employees.
Both fled India before the details of the fraud emerged in January 2018 before the scam was unearthed.
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