At a hearing before Master David Cook at the Queen's Bench Division of the court, Mallya's legal team sought a dismissal of the interim order.
Friday's hearing is expected to be presided over by Chief Magistrate Emma Arbuthnot, the same judge who had ordered the extradition of former Kingfisher Airlines boss Vijay Mallya last December.
During his stay in London, he was reportedly living in the heart of the city above his jewellery boutique called "Nirav Modi" on Old Bond Street, which was reportedly closed last week, The Sunday Times reported.
Mallya claims private airlines were discriminated against by the Indian government, which bailed out state-owned Air India but did not assist his own Kingfisher Airlines and now Jet Airways.
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.
Besides the passports, Modi also possesses multiple residency cards, some of them expired, but covering countries/regions such as the UAE, Singapore and Hong Kong.
Mallya said, the ED on the one side and the banks on the other are fighting over the same assets.
The move takes the process of extraditing and bringing back Nirav Modi to face the law in India to the next stage, the sources said.
Police have identified the suspect as 28-year-old Usman Khan, inspired by the ideology of Al Qaeda terror group, was previously sentenced to 16 years in prison term for his role in the London Stock Exchange bombing in 1990.
Scotland Yard said that they are in the early stages of dealing with an incident at the London Bridge.
The court ruled that an interim debt order in favour of SBI and other banks seeking access to funds in the Mallya's ICICI UK bank account "should remain in force" but the application to make it final should be adjourned until after the hearing of his pending bankruptcy petition.
The 47-year-old faces allegations that he publicly released secret documents relating to the United States.
In a ruling in May, a UK high court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
'My housemate lost his father just a day after he turned 22.' 'Because of the lockdown he couldn't do anything about it.'
Under a new British-Irish visa scheme announced by Ireland's minister for justice Frances Fitzgerald, tourists and business visitors from India and China will be allowed to travel freely in the 'common travel area' of Britain and Ireland with either an Irish or a British visa.
ED has submitted a chart of total $60.54 million received by the firms directly or indirectly owned by Talwar between April 23, 2008 to February 6, 2009.
Modi, a diamond jeweller whose designs have been worn by Hollywood stars, is now believed to be running a new business, which describes itself on the UK's Companies House register as a wholesale trader in watches and jewellery and a retailer of watches and jewellery in specialised stores.
The process, to be heard in the Royal Courts of Justice in London, could take months as the listing of a hearing will depend on the availability of judges and other factors.
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
The judge confirmed that the bulk of the evidence submitted by the Indian authorities will be admissible
'The appellant (Mallya) has five business days to apply for oral consideration. If a renewal application is made, it will be listed before a high court judge and dealt with at a hearing,' a spokesperson for the UK judiciary said.
Underworld don Dawood Ibrahim's close aide Iqbal Mirchi, an accused in the 1993 Mumbai serial blasts case, died of a heart attack in London on Wednesday night.
The trial, which opened at the London court on December 4, is aimed at laying out a prima facie case of fraud against the 61-year-old embattled businessman, who has been based in the UK since March 2016.
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.
If the absconding jeweller is traced in Britain, the extradition request to the UK government could follow a similar course as the case of embattled liquor tycoon Vijay Mallya
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
The next phase is when factors such as prison conditions in India are likely to take centre-stage.
Mallya, who has been out on bail since Scotland Yard executed an extradition warrant in April this year, will be in the dock for the duration of the trial -- scheduled to end on December 14.
Mallya said the allegations of money laundering and stealing money against him are 'completely false'.
One of the Islamic State terrorists behind the deadly Paris attacks had visited London and Birmingham earlier this year to meet people suspected of planning a terror attack in the United Kingdom, counter-terrorism officials have found.
Jacques Villeneuve may have to take part in a Fame Academy-style contest if he wants to keep his Formula One seat.
The next hearing to assess the progress in the case will be held at Westminster Magistrates' Court on September 14.
"I wish the BBC would stop calling it 'Islamic State' because it is not an Islamic state," he told the BBC's 'Today' programme.
The UK contributed to nearly $20 billion or 18% of India's $108 billion software exports for 2016.
Keith Vaz, Britain's longest-serving Indian-origin MP was on Thursday re-elected as chair of the British Parliament's influential Home Affairs Select Committee.
The flip-flop by the government has led senior British Indian MP Keith Vaz to revive his demand that the government end all confusion over the issue.
Vaz has been spearheading efforts in the UK to get the ban lifted.
The judge fixed April 26 as the next date of hearing when he will appear via video link from jail.