London, July 30: The United Kingdom's Westminster Magistrates Court, which is hearing the extradition case against Vijay Mallya filed by the Crown Prosecution Service (CPS) on behalf of India, will hear the final set of arguments today.

The CPS team led by Mark Summers and the defence counsel headed by Claire Montgomery will file a written submission before before chief magistrate Emma Arbuthnot, ahead of their oral arguments in the last set of proceedings.

A CPS spokesperson, while speaking to reporters, said July 31 is slated as the last date for the hearing of arguments. The judgement, however, will be reserved for a future date which is yet to be specified.

The verdict, which is likely to be out in September when the UK Judiciary resumes operation post the summer break, will include a recommendation to the Home Secretary under the Extradition Act, 2003.

If the court is convinced by the case put forth by India through the CPS, it will order the government to extradite Mallya. If the defence council wins the legal battle, New Delhi's plea will stand rejected.

Ahead of the court's judgement on the extradition case against him, Mallya suffered a major setback as he lost the suit filed by a consortium of 13 Indian banks seeking claim on his UK assets.

The fugitive's defence, however, is firm on defeating India's extradition plea. The four primary arguments raised by them before the Westminster court are: "absence of prima-facie case, human rights' violations in Indian jails, extraneous considerations and "abuse of legal process by India".

Although the proceedings will end today, Mallya's extradition will still remain a long-battle for the Indian side to pursue as the defence is likely to move the higher court in case of an adverse verdict in September.

Both sides can also approach the Supreme Court of UK in case of dissatisfactory verdict by the high court. Based on the Brexit outcome, either sides may also have the option of approaching the European Court of Justice to challenge the Supreme Court order.

As per the case prepared by the Indian side, Mallya owes a total of Rs 9,000 crore to a consortium of 13 Indian lenders, including public and private. The defence counsel, however, argues that the amount includes an "exorbitant rate of interest on interest". The former liquor baron has also accused the Indian banks of not providing him a fair chance to repay the loans.

(The above story first appeared on LatestLY on Jul 30, 2018 11:39 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).