Shivakumar's lawyers Abhishek Manu Singhvi and Dayan Krishnan opposed the ED's plea for custodial interrogation saying that he had joined the probe and never absconded.
The next edition of attachments will be carried out under sections of the Criminal Procedure Code
The ED has now seized the property, agency sources said.
The Enforcement Directorate has managed to sniff out over Rs 9,000 crore as suspected haul from money laundering in a decade, but it has yet to link those against anyone successfully in a court.
Justice Suresh Kait said that wrong message will be sent to the society if bail is granted to Chidambaram in this case.
The chargesheet, filed before Special Judge Santosh Snehi Mann, names six accused, including the former chief minister and his wife.
Enforcement Directorate on Friday recorded the statement of jailed YSR Congress chief Jaganmohan Reddy in Chanchalguda prison, where he is lodged currently.
They said various sections of the Narcotic Drugs and Psychotropic Substances Act (NDPS) have been pressed in the complaint filed by the federal anti-drugs agency on an official reference received from the Enforcement Directorate (ED).
Mallya said, the ED on the one side and the banks on the other are fighting over the same assets.
The bench also said there was merit in ED's contention that while the "driving force behind the companies" (Modi) was not submitting to the agency's jurisdiction, his companies cannot be given any discretionary relief.
The HC's direction came on Qureshi's plea in which he sought a restraint on the ED from arresting or taking any coercive action once he joins the investigation.
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 ED has attached assets to the tune of Rs 9,003 crore and filed 173 charge sheets in the financial year 2014-15.
The Rajasthan government had, in January 2015, cancelled the mutations (transfer of land) of 374.44 hectares of land, after the land department claimed to have found that the allotments were made in the names of "illegal private persons".
Ratul Puri, already under probe scanner of the agency in the AgustaWestland VVIP chopper case, has been arrested by the Enforcement Directorate in connection with a Rs 354 crore bank loan fraud case.
The top court had granted bail to Chidambaram in the case lodged by the CBI saying he is neither a 'flight risk' nor is there a possibility of 'his abscondence from the trial'.
They added that Vadra was expected to join the probe again on Friday.
The businessman has been grilled in this case four times in the past, the last being February 20.
Congress leaders have hit out at the BJP governments at the Centre and in Karnataka, questioning its timing.
The central probe agency issued a provisional order under the Prevention of Money Laundering Act for attachment of Indian assets in Kodaikanal and Ooty in Tamil Nadu and a flat in Delhi's Jorbagh. A cottage and house in Somerset in the UK and a tennis club located in Barcelona, Spain have also been attached as part of the same order, the agency said.
The agency, which placed the senior Nationalist Congress Party leader under arrest last night after a marathon grilling session on Monday, will seek his custody for further interrogation.
The ED on Monday contested claims made by the Lalit Modi camp that the former IPL boss will be heard before Interpol issues a red corner notice against him.
PNB has rich experience in the integration of commercial banks.
Money laundering is punishable under the provisions of PMLA.
The ED opposed the bail plea of the accused, saying they indulged in a "very serious" economic offence.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
The ED, early this year, also attached assets worth Rs 78 crore "in possession of" Chanda Kochhar, Deepak Kochhar and the companies owned and controlled by him.
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
The ED had conducted searches on at least nine premises, including properties and offices, belonging to the senior Bhujbal, Pankaj, nephew Samir and few others.
Former telecom minister A Raja, Dravida Munnetra Kazhagam MP Kanimozhi and 17 others were on Friday chargesheeted by the Enforcement Directorate in a special court in connection with a money-laundering case relating to the 2G spectrum allocation scam in which the party-run Kalaignar TV was allegedly paid Rs 200 crore by the promoters of Swan Telecom.
'Sameer and Chhagan Bhujbal's arrest is directly the impact of the PIL filed by the AAP in the Bombay high court.'
Sameer Bhujbal was arrested after over six hours of questioning under the provision of the Prevention of Money Laundering Act at the agency's office in Ballard Tiar here. He will be produced in court on Tuesday, official sources said.
Shivakumar will be produced before a court in New Delhi on Wednesday by the ED for seeking his custody.
The Enforcement Directorate has filed a fresh charge sheet, delving specifically into the role of British national and alleged middleman Christian Michel James and his few Indian associates, in connection with its money laundering probe in the Rs 3,600 crore VVIP chopper deal.
This is the second time the former finance minister has got relief from arrest.
In the 25-page defence evidence affidavit, which was served to the UK Crown Prosecution Service, Mallya is learnt to have alleged that his was a case of "political vendetta" and "loss-making business".
The ED had filed the first chargesheet in the case against Chidambaram's son Karti; later, a supplementary chargesheet was also filed against him.
ED has approached the MEA seeking initiation of deportation proceedings against liquor baron Mallya
According to an ED official, the arrest of the former Public Works Department minister was affected under the provisions of the Prevention of Money Laundering Act after he allegedly refused to cooperate during the questioning.
The probe agency had earlier attached a Delhi farmhouse in connection with its money laundering probe against Bharti and her husband, Shailesh Kumar.