Fugitive diamond merchant Nirav Modi, whose extradition to India was ordered in April by UK Home Secretary Priti Patel in the estimated USD 2-billion Punjab National Bank (PNB) scam case, has lost the first stage of his extradition appeal in the High Court here.

The appeal was before a High Court judge for a decision on the papers submitted for the appeal to determine if there are any grounds for an appeal against the Home Secretary’s decision or the Westminster Magistrates Court February ruling in favour of Nirav Modi’s extradition to India to face charges of fraud and money laundering.

A High Court official confirmed that the permission to appeal was "rejected on paper" on Tuesday, which leaves the 50-year-old jeweller with a chance to make his case at a brief oral hearing in the High Court with a renewed leave to appeal application for a judge to determine if it can proceed to a full appeal hearing.

Under the legal guidelines, Modi as an appellant has five business days to apply for such an oral consideration, giving him time until next week. If a renewal application is made, it will be listed before a High Court judge for a hearing. It is understood that Modi plans to make such an application.

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