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On Wednesday, 12th September, Mallya reached the London's Westminster Magistrates court where it has been chose to announce the verdict for fugitive liquor baron Vijay Mallya's extradition case on the 10th of December.

The 62-year-old former Kingfisher Airlines boss told reporters in London that he met the minister and offered to settle with the banks. So, when finance minister gave statements in Parliament on Vijay Mallya issue, he should have mentioned about this meeting with Mallya. "The statement is factually false in as much as it does not reflect the truth", Jaitley wrote.

Vijay Mallya, 62, who is fighting India's request to the United Kingdom to send him back, is wanted in India for defaulting on loans worth crores and money.

"Since 2014, I have never given him any appointment to meet me and the question of his having met me does not arise", Finance Minister Jaitley said in a Facebook post.

Jaitley added that Mallya, a member of the Rajya Sabha, occasionally attended Parliament and that he "misused" that privilege on one occasion.

Screenshots were in circulation of the June 12, 2018, tweet in which he had said: "Mallya could not escape from India because of a strong Look Out Notice for him at airports".

Rahul Gandhi called Mallya's claim "extremely serious allegations".

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He said Mallya, while walking alongside, "uttered a sentence that "I am making an offer of settlement".

Singhvi said the Congress had repeatedly asserted for the past over 18 months that not only Vijay Mallya, but also Nirav Modi, Choksi and many others have been allowed to leave the country with impunity.
"My conscience is clear and (I) put nearly Rs15,000 crore worth of assets on the table of the Karnataka High Court", he said.

Terming Mallya's offer to settle overdue loans of more than Rs 9,000 crore to his now-defunct Kingfisher Airlines as "bluff offers", Jaitley said he did not even take the papers the liquor baron was carrying during that brief encounter. Banks went to court for seeking an order.

On 26 February, SBI, the lead bank in the consortium, approaches the Bangalore DRT seeking the arrest of Mallya, first right on his $75 million pay and impounding his passport, but the DRT postpones the case.

It is known news that Vijay Mallya, is wanted on charges of fraud and money laundering amounting to around Rs. 9,000 crore.

Mallya is wanted in India for defaulting on bank loans to the tune of Rs 9,000 crore, has been in the United Kingdom since March 2016. He then came to Delhi and met someone who was powerful enough to change the Notice from blocking his departure to just reporting his departure.