AAI has filed two cheque bouncing cases against Mallya's Kingfisher Airlines in the court.
Among the assets in question include the Force India and Indian Empress super-yacht - which was fitted with an Elton John piano around 2015, a fleet of high-value cars and some artwork from Mallya's Ladywalk property in the English village of Tewin in Hertfordshire.
Liquor baron Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, is all set to be expelled from the Rajya Sabha as Chairman Hamid Ansari on Tuesday turned down his resignation on procedural grounds.
Mallya, who was scheduled to appear on April 2, had asked for a month's time; if he fails to appear on April 9, agency will seek a non-bailable warrant
India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8
The BJP threw a counter punch, claiming that the Gandhi family tried to help Mallya's floundering Kingfisher Airlines in 2011-12.
The next hearing on ED's application before the special court, seeking permission to start confiscation proceedings, is scheduled for April 8.
Jaitleysaid Mallya misused his position as an MP to accost him once in Parliament.
State Bank of India has appointed valuer to assess the value of assets of Mallya.
SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets
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.
According to the ED, Mallya was summoned on four occasions for questioning in connection with the contract signed in December 1995 with London-based firm Benetton Formula Ltd for promotion of the Kingfisher brand abroad.
In a rare appearance since shifting base to the United Kingdom, troubled Indian businessman Vijay Mallya was seen having a good time in London as he watched the Indian Premier League final between Royal Challengers Bangalore and Sunrisers Hyderabad on Sunday. In a video gone viral, Mallya senior is seen having a gala time with his son Siddharth along with a few others. The video was posted by Siddharth as he watched the IPL final with his father. Siddharth also mentions about Force India's third place finish in the Monaco Grand Prix, which also took place on Sunday. "Here we are, watching together from London. It doesn't get better than Sergio Perez getting a podium (for Mallya co-owned Force India). Hopefully we can add to what has been an epic day of sports so far," says Mallya junior in the video as he catches the IPL action with his father on the big screen.
The quantum of punishment is expected to be pronounced on May 5 by the court.
Mallya's lawyer said he wants to return, but a British court has prohibited him from leaving the UK without its permission.
'There is an bligation on Finance Minister and Prime Minister to take the country into confidence'.
Mallya, who flew out of India in March 2016, has been living in the United Kingdom since then.
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.
Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, on Monday resigned from Rajya Sabha.
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
The leave to appeal to the Supreme Court is on a point of law of general public importance, which according to experts is a very high threshold that is not often met.
The former liquor baron owes several banks a total of as much as Rs 9,000 crore
A bench comprising Justices A K Goel and U U Lalit took note of the fresh status report, referred by Attorney General K K Venugopal that efforts to bring Mallya back were on.
It is understood that Vijay Mallya left the country for UK on March 2 using a diplomatic passport issued to him by virtue of him being a sitting Rajya Sabha Member of Parliament.
The assets are estimated to be worth over Rs 6,000 crore.
In a thread of tweets, Mallya claimed, "The airlines struggled financially partly because of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where banks money went. I have offered to repay 100 % of the principal amount to them. Please take it."
In 2012, Diageo signed a deal to buy stake in USL.
Confiscation of the tycoon's properties will start from February 5.
Liquor baron Vijay Mallya's tenure in the Rajya Sabha came to an end on Wednesday with Chairman Hamid Ansari accepting his fresh resignation letter.
The 62-year-old former Kingfisher Airline boss' defence team, led by Clare Montgomery, opened the day by branding the government of India's evidence presented in the case as "utterly unfounded".
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
He claims that his offer to pay back the debt owed by his now-defunct airline had been rebuffed by the banks and the Indian government.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
Gandhi on Thursday accused Jaitley of lying to hide the "free passage" he allegedly gave to Mallya to flee to London, while the ruling party counter-claimed that the Gandhi family had tried to salvage the sinking Kingfisher Airlines with a "sweet deal".
Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.
Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.
Vijay Mallya remains India's top representative in world motorsport body FIA at a time when he is facing extradition to India over charges of unpaid debts and money laundering.
Fugitive businessman Vijay Mallya was booed by a section of India supporters as he entered the Oval arena to watch India's crucial ICC Champions Trophy encounter against South Africa, in London.
On July 2, Mallya's legal team and the Crown Prosecution Service - arguing on behalf of the Indian government - will go head to head to reiterate factors for and against the businessman's extradition to Arthur Road Jail in Mumbai.
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