Ruling on Vijay Mallya’s extradition case on December 10

London: The ruling on whether Indian tycoon Vijay Mallya can be extradited from Britain to India to face fraud charges will be given on December 10, England’s Chief Magistrate Emma Arbuthnot said on Wednesday.

India wants to extradite 62-year-old Indian businessman from Britain to face criminal action relating to loans taken out by his defunct Kingfisher Airlines and Indian authorities want to recover about $1.4 billion they say Kingfisher owes.

The Indian government has failed to provide any substantial evidence to justify extraditing tycoon Vijay Mallya from Britain to face fraud charges, his lawyer told a London court on Wednesday.

India wants to extradite the 62-year-old Indian businessman from Britain to face criminal action relating to loans taken out by his defunct Kingfisher Airlines and Indian authorities want to recover about $1.4 billion they say Kingfisher owes.

In her closing submission, Mallya’s lawyer Clare Montgomery told London’s Westminster Magistrates Court that India had failed to provide enough evidence to form a “prima facie” case against him necessary to warrant his extradition. “It’s undermined and set to nought by their own evidence,” she said.

The Indian government says Kingfisher took out a series of loans from Indian banks, in particular the state-owned IDBI, with the aim of palming off huge losses which Mallya knew the failing airline was going to sustain.