London: Fugitive liquor businessman Vijay Mallya said after losing the case in the UK High Court against the extradition order in India that he was disappointed with the verdict, but would continue to take legal remedies as advised by his lawyers. Mallya reiterated that he has offered to pay the outstanding loan amount to Indian banks, but that proposal has been rejected by banks.

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Mallya said in a statement on Monday evening that I am naturally disappointed with the High Court verdict. According to the advice of my lawyers, I will continue to take legal measures even further. He said that I have several times offered to repay the entire amount to the banks, but sadly to no avail. After Mallya's appeal is rejected in the High Court, he now has 14 days to appeal in the Supreme Court of Britain. Since Mallya has pointed to further legal remedies, the UK Home Department will wait for the outcome of that appeal before Mallya begins extradition to India.

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Mallya has been in the UK since March 2016 and has been on bail since April 2017 after being arrested on an extradition warrant. He has also expressed disappointment over what is being said about him in the media. He said that I am also disappointed with what is being said in the media, according to which I should face trial in India for fraud of Rs 9,000 crore.

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