A CBI officer said the investigating agencies are aware of the possibility that Mallya, being a former Rajya Sabha Member, could seek political asylum in the UK.
The 64-year-old controversial businessman took over Rs 9,000 crore in loans from banks which the authorities argue he had no intention of repaying.
Vijay Mallya said he had offered to pay 100 per cent of the amount borrowed by Kingfisher Airlines to the banks but neither banks were willing to take the money nor the Enforcement Directorate was willing to release his attached assets at the behest of the banks.
Mallya said that he had made offers to return the outstanding dues many times but neither the banks nor the Enforcement Directorate were cooperating.
In the scenario that Vijay Mallya is unsuccessful in his appeal, he must be extradited within 28 days from the appeal decision becoming final.
Gadkari, however, clarified that he has no business dealing with Vijay Mallya, who faces extradition from the UK for alleged bank fraud and money laundering amounting to an estimated Rs. 9,000 crore.
External Affairs Ministry Spokesperson Raveesh Kumar said India will continue to work with the British government for 'expeditious' implementation of the court order.
Vijay Mallya fled to London in March 2016. Almost a year later, India sent a request to the UK to extradite the "fugitive" liquor baron who owed nearly Rs 9,000 crore (including interest) to 17 Indian banks
Case referred to UK Secretary of State; Mallya can file for a permission to appeal in the UK High Court against the ruling
Mallya had on Wednesday said that he has offered to pay back the full amount of the principal loan he owed to various banks.
