Mallya had also failed to appear before the court he even after being told so by the apex court.
On May 9, the top court had ruled Mallya guilty of contempt after he failed to declare details of his assets, and thus, upheld the plea by a consortium of banks that sought the initiation of recovery proceedings to the tune of Rs 9,000 crores.
However, Mallya was released on bail as he assured the court to abide by all conditions associated with extradition proceedings, including surrendering his passport.
The Supreme Court took note of the government's stand and adjourned the hearing on contempt saying "it would proceed further in the case only when Mallya is produced before it".
The apex court's order had come on a plea by the consortium of banks, led by the State Bank of India (SBI), which had said that Mallya had allegedly transferred $40 million received from British firm Diageo to his children in "flagrant violation" of various judicial orders.
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Talking to HT, attorney general KK Venugopal said, "Hopefully we should get him back by January 2018".
The Supreme Court, in May, found Mallya guilty of contempt and asked him to appear before it on July 10. He told the court that Mallya was informed by Indian High Commission in United Kingdom about the SC order for his personal appearance.
Mallya, whose now-defunct Kingfisher Airlines allegedly owes more than Rs 9,000 crore to various banks, had fled India on March 2, 2016.
The bench had also pulled up Mallya for not giving details of the Dollars 40 million which he had allegedly received from Diageo in February a year ago, saying it was of the "prima facie view" that proper disclosure as per its earlier order was not made.