Chief Magistrate Emma Louise Arbuthnot granted him bail till December 4.
UK's Crown Prosecution Service will be arguing the case against Mallya on behalf of the Indian government.
The 61-year-old flamboyant businessman, already out on bail on an extradition warrant executed by the Metropolitan Police earlier this year, was released on the same bail conditions as before to appear for his trial on December 4.
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.
The next phase is when factors such as prison conditions in India are likely to take centre-stage.
The next hearing to assess the progress in the case will be held at Westminster Magistrates' Court on September 14.
Speaking to reporters Mallya said, "It will all become clear in court".
The liquor baron showed up despite being exempt from appearing by the judge at the last hearing on June 13.
Mallya's defence team is being led by the firm Joseph Hague Aaronson LLP. They have instructed barrister Clare Montgomery, a specialist in criminal, regulatory and fraud law, to argue in court on their behalf.
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