He was arrested on Tuesday.
The Metropolitan Police extradition unit took Mallya into custody on behalf of India, the BBC News reported.
He was produced before the Westminster Magistrates' Court today and was later granted bail. Samirbhai Vinubhai Patel was extradited in October 2016 in a case related to the 2002 Gujarat riots.
Later Mallya tweeted his own reaction to the day's proceedings, saying: "Usual Indian media hype".
MPs clear way for general election on June 8
Government spokeswoman Ulrike Demmer said Chancellor Angela Merkel spoke by phone Tuesday with British Prime Minister Theresa May. She said: "Politics and democracy are about of course people having different opinions, different views".
The Vijay Mallya case has come under the British judicial process and Indian agencies are making their best effort to have him face trial in India, the Centre said on Wednesday.
Attorney General Mukul Rohatgi urged the court to direct Mallya to bring back the $40 million, which he had received from Diageo. Will it take another 15 or 30 years or our entire lifetime before Mallya is finally brought back and Rs 9,091 crore of people's money is recovered? Mr. Mallya was scheduled to appear at a London court on Tuesday, the police said in a statement.
While handing over the request, India had asserted that it has a "legitimate" case against Mallya and maintained that if an extradition request is honoured, it would show British "sensitivity towards our concerns". Meanwhile, Union Law Minister Ravi Shankar Prasad said that India had put up "a strong case against Vijay Mallya in England".
Union Law Minister Ravi Shankar Prasad said India had put up a strong case against Mallya and ED is also preparing strategy to present the case for his extradition under the United Nations convention of prevention of money laundering, of which the UK is also a signatory.
Washington Wizards at Atlanta Hawks - 4/22/17 NBA Pick, Odds, and Prediction
Not coincidentally, Millsap dominated the third quarter with 14 points, including six during a 13-0 that put Atlanta up 74-67. It is worth noting , Sefolosha was banged up toward the end of the season, but all reports are that he is now healthy.
Malya secretly fled India in March 2016 owing more than $1bn after defaulting on loan payments to state-owned banks and allegedly misusing the funds.
Kingfisher Airline ceased operating in February 2013 after having their trading license revoked.
India's Enforcement Directorate has been gathering evidence as part of its investigation into the tycoon's debts, totalling £977million, linked to Mallya's now-defunct airline Kingfisher.
United States must meet nuke deal obligations: Iran
Both before and after the talks, Tehran has maintained that such negotiations are exclusively in regard to Iran's nuclear program.