The Westminster Magistrates Court granted bail to Vijay Mallya till 4th of December this year and scheduled the next hearing of the extradition case against him to 6 July.
After coming out of the Westminster Magistrates' Court in London, embattled Indian businessman Vijay Mallya said "You can keep dreaming about the billion pounds, but there's no proof."
Categorically denying all allegations of being a defaulter of banks in India, Mallya said, "Do you have the facts? You cannot prove anything without facts."
Mallya denied all allegations against him and said he has enough evidence to prove his case in the court.
He dodged questions on his properties spread across the world.
When asked how he felt when he was booed at and called a thief during a match between India and South Africa, Mallya said:" I was not called a thief that day by crowd at Oval ground.Two drunk people were shouting but several others came and wished me well".
Mallya said it was his lawful duty to be there. "I am happy to be here," he said.
Denying to answer any questions put forward by the media,
Mallya said, "I will make my submissions before the appropriate court."
He also claimed that no loans were diverted anywhere.
Earlier, Mallya arrived for the hearing in the Court Room 3 after a number of other extradition cases were scheduled for the day.
"I have not alluded any court...I have enough evidence to prove my case," Mallya told reporters outside the court.
Speaking to media here before his extradition hearing in a London court, Mallya said, "I deny all allegations, I have enough evidence to prove my case in court."
Mallya arrived at the Westminster Magistrates' Court in London accompanying his son Siddarth.
"I have nothing to say, I deny all allegations. I have not eluded any court," he added:
Britain's Crown Prosecution Service has argued the extradition case on India's behalf. A joint CBI-ED team went to London last month with documents to bolster the Crown's case.
Mallya owes as much as Rs 9,000 crores to Indian banks. He was declared arrested in absentia on April 18 after India made a formal extradition request for him on February 8.
The 61-year-old chief of the now-defunct Kingfisher Airlines fled India on March 2 last year, has been living in Britain, mostly, since then.
He has been accused of "dual criminality" - of cheating and money laundering.
The fugitive businessman was in the news this week after he was heckled by cricket fans who chanted "chor, chor" (thief, thief) as he arrived to watch the India-South Africa Champions Trophy match at The Oval grounds in London.
Last week, he brazenly said on Twitter that he plans to attend all matches India plays in the ongoing Champions Trophy.
Mallya also made an appearance at a June 5 fundraising dinner in London held by Indian skipper Virat Kohli who had reportedly not invited him.