Vijay Mallya on Thursday (14) lost his application seeking leave to appeal in the UK Supreme Court against an extradition order to India on charges of fraud and money laundering.
Last month, the liquor baron had lost a High Court appeal in the case related to unrecovered loans to the tune of £1 billion given to his now-defunct Kingfisher Airlines, in which he had been declared as a "willful defaulter".
The 64-year-old businessman had 14 days to file this application to seek permission to move the higher court on the High Court judgment from April 20, which dismissed his appeal against a Westminster Magistrates' Court's extradition order certified by the former home secretary Sajid Javid.
The latest ruling will now go back for re-certification and the process of extradition should be inititated within 28 days.
The Indian government's response to the appeal application had been submitted earlier this week.
The leave to appeal to the Supreme Court is on a point of law of general public importance, which according to experts is a very high threshold that is not often met.
