London: Industrialist Vijay Mallya has been arrested by the Scotland Yard police in UK on India's request for his extension on Tuesday. Mallya is reportedly being taken to Westminster magistrates court. While, chances of bringing him back to India are on the table again.
Mallya 61, has been arrested in the loan default case after the order of Westminster court.
Mallya's now-defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, fled India on March 2, 2016.
In January, an Indian court ordered a consortium of lenders to start the process of recovering the loan.
While handing over the request, India has asserted that it has a 'legitimate' case and maintained that if an extradition request is honored, it would show British "sensitivity towards our concerns".
Last month, the British government certified India's request based on the Extradition Treaty between both the countries through a note verbal on February 8 and sent it to district judge for further action.
The extradition process in UK involves layers of investigation including decision by the judge to issue a warrant of arrest. After the person is arrested and brought before the court for preliminary hearing followed by an extradition hearing before a final decision is taken by the secretary of state.
The wanted person has a right to appeal to the higher courts against any decision.
Earlier in January a CBI court has issued a non-bailable warrant against the liquor barren and tycoon Vijay Mallya following the Rs 720-crore IDBI Bank loan default case.