The ruling will be sent to the UK s Secretary of State, Priti Patel, who is the authorised to order an extradition under the India-UK Extradition Treaty. She has two months within which to make that decision.
Nirav Modi, who is behind bars in a London prison on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case.
Modi is the subject of two sets of criminal proceedings, with the Central Bureau of Investigation (CBI) case relating to a large-scale fraud upon PNB through the fraudulent obtaining of letters of undertaking (LoUs) or loan agreements, and the Enforcement Directorate (ED) case relating to the laundering of the proceeds of that fraud.