The high court permitted Mallya to appeal on only one limited ground to be able to address the admissibility of some evidence and interpretations made by the lower court.
Jabir Moti, 51, who was arrested by Scotland Yard last year, appeared before the Westminster Magistrates' Court in London at the start of his trial.
Following the incident, all flights at Stansted had to be temporarily grounded, according to British media reports.
In her judgment handed down at the Royal Courts of Justice in London, Justice Ingrid Simler concluded there were "substantial grounds" to believe that Modi would fail to surrender as he does possess the means to "abscond".
The former Cabinet minister received 114 votes in the first round of a secret ballot of Tory MPs held in the House of Commons, followed by United Kingdom foreign secretary Jeremy Hunt in second place with 43 and environment secretary Michael Gove third with 37 votes.
In her judgment handed down at the Royal Courts of Justice in London, Justice Ingrid Simler concluded there are "substantial grounds" to believe that the 48-year-old fugitive diamantaire would fail to surrender as he does possess the means to "abscond".
Justice Ingrid Simler at the Royal Courts of Justice in London concluded the hearing and said as the matter was of "some importance", she would take some time to consider it and hand down her ruling on Wednesday.
Altaf Hussain has been arrested in relation to the hate speech of 2016 in which he had urged his followers to take the law into their own hands, it said.
May has been prime minister for nearly three years since she took over from David Cameron in the wake of the June 2016 Brexit referendum.
Apart from meeting members of the Royal Family, US President Trump is expected to discuss climate change and Chinese technology firm Huawei during his talks with outgoing British Prime Minister Theresa May on Tuesday.
The Crown Prosecution Service said the hearing for his bail petition will take place on June 11.
The judge also asked the Indian government to provide within 14 days the information on which prison he will be held at.
He is set to be produced from custody before Judge Emma Arbuthnot for the first management hearing in the case, during which a broad timeline is expected for his extradition trial.
UK environment secretary Michael Gove became the latest Tory MP to announce his intention to challenge Johnson on Sunday.
At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson and CASL, for which Diageo stepped in as a backstop so that it could be refinanced by Standard Chartered Bank.
She stepped down after failing to win over her ministers with a revised strategy over her plans for the UK's withdrawal from the European Union.
Modi's defence team doubled the bail security to 2 million pounds and offered he would stay on 24-hour curfew at his London flat.
Prince Harry, Duke of Sussex, was present at the birth of his boy, who weighs 3.2 kg.
His legal team, led by solicitor Anand Doobay, have previously offered one million pounds as security alongside an offer to meet stringent electronic tag restrictions on their client's movements, "akin to house arrest".
Assange will be eligible for parole after serving half his sentence under licence conditions.
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