London, Dec 10: A UK court Monday ordered Vijay Mallya's extradition, in a major boost to India's efforts to bring back the fugitive wanted for alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores.

Delivering the verdict, Westminster Magistrates' Court Chief Magistrate Judge Emma Arbuthnot said that there was "no sign of a false case being mounted against him".

"Having considered evidence as a whole. There is a case to answer," Judge Arbuthnot said as she ruled that 62-year-old Mallya could be extradited to India to stand trial on the charges brought by the CBI and the ED.

She was also extremely critical of how loans were granted and then used.

The ruling marked a significant point in the high-profile extradition trial that has lasted over a year.

In relation to the defence's attempts to dispute Indian prison conditions as a bar to Mallya's extradition on human rights grounds, the judge said the video of the Barrack 12 of Mumbai's Arthur Road Jail, where Mallya would be held, "gives accurate portrayal and has been recently redecorated".

"He will have access to personal medical care to manage his diabetes and coronary problems... There was no ground at all to believe that he faces any risk at all (in jail)," the judge ruled.

She referred the extradition case to Secretary of State Sajid Javid, who will pass an order based on the verdict.

The defence team has the right to file for a permission to appeal in the Chief Magistrate's ruling in the UK High Court.

The former Kingfisher Airlines boss has been on bail since his arrest in April last year.

The judge ruled that Mallya would remain on same bail conditions.

In New Delhi, CBI spokesperson welcomed the verdict.

Earlier in the day, Mallya sought to disprove the narrative that he has "stolen" money and said his offer to repay the principal amount to the Indian banks was "not bogus".

Mallya made the remarks while talking to reporters outside the Westminster Magistrates' Court. The 62-year-old former Kingfisher Airlines boss was on bail since his arrest on an extradition warrant in April last year.

"My settlement offer is made before the Karnataka High Court. It is not related to this extradition trial. Nobody disrespects a court of law by making a bogus offer. The assets have been attached by the ED so they cannot be bogus assets," he said, asserting that his offer to repay the principal amount was not bogus.

The embattled liquor tycoon said that the value of his assets is more than enough to pay everybody and that is exactly what he was focusing on.

"I want to disprove the narrative that I have stolen (money)," he said.

He said his legal team will review the judgment and take proper steps thereafter.

In reference to settlement offer to Karnataka High Court, Mallya said that he has requested the court that if the settlement is granted then first the employees of Kingfisher be paid.

The trial, which opened at the Magistrates' Court on December 4 last year, has gone through a series of hearings beyond the initial seven days earmarked for it.

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Panaji (PTI): Saurabh Luthra and Gaurav Luthra, the main accused and owners of the Goa nightclub where a massive blaze claimed 25 lives, fled to Phuket hours after the tragedy, Goa Police said on Monday.

"Goa Police have taken further steps to coordinate with the Interpol Division of the CBI to apprehend both Saurabh and Gaurav Luthra at the earliest," a senior police officer said.

A massive fire at the nightclub, some 25 kilometres away from Panaji, on late Saturday night killed 25 persons. The deceased comprised 20 employees of the nightclub and five tourists, including four from Delhi. Five injured people were undergoing treatment at the government-run Goa Medical College and Hospital (GMCH).

After registering an FIR against them, a Look Out Circular was issued against them by December 7 by the Bureau of Immigration (BOI) at the request of the Goa Police.

The Bureau of Immigration at Mumbai was contacted, and it was found that both the accused had taken the 6E 1073 flight to Phuket at 5.30 am on December 7, immediately after the fire incident, which occurred around midnight, the officer said.

READ ALSO: Goa nightclub fire: Owner Saurabh Luthra expresses grief, assures management support

He said the Goa Police had immediately dispatched a team to Delhi to conduct raids on the addresses of the accused Gaurav and Saurabh Luthra.

"Since they were not available, a notice under the appropriate sections of law was pasted on the gate of their house. This shows their intent to avoid the police investigation", he said.

Goa Police have obtained transit remand of Bharat Kohli, an employee of the club, and are bringing him to Goa.

He also said that the postmortem on all 25 deceased has been completed and bodies handed over to their families.