Modi has reportedly claimed anxiety and depression in his latest application, with earlier bail applications at the court being rejected, and then also on appeal at the High Court in London, as he was deemed a flight risk.
Last month, the ED had sought to sell valuables seized from the Worli residence, Samudra Mahal, claiming that they are perishable, prone to decay and were bound to lose their value over a period of time.
A Joint Director-level officer has been deputed to leave for London Wednesday with necessary documents, they said. The 48-year old diamantaire is accused of swindling over 2 billion USD from state-run Punjab National Bank in collusion with his uncle Mehul Choksi.
The arrest of Nirav Modi by UK authorities officially heralds the beginning of extradition proceedings against the jeweller in London. He is likely to be released on bail after he is produced before the court.