The CBI has alleged there was an estimated loss of Euro 398.21 million (about Rs 2,666 crore) to the exchequer in the deal that was signed on February 8, 2010 for the supply of VVIP choppers worth Euro 556.262 million.
During the hearing, Michel's counsel Aljo K Joseph claimed that his client was cooperating in the investigating and hence is liable to be granted bail.
The CBI had sought an extension of five days saying the agency wanted to confront him with more evidence.
Michel was extradited to India from Dubai on December 5 and was produced in the Patiala Court on the same day.
Commenting on the Kartarpur Corridor he said that it was unfortunate that Pakistan attempted to politicise a religious issue.
Speaking to reporters in New Delhi, BJP spokesperson Sambit Patra accused the Congress of sending lawyers to protect Michel.
Michel was under arrest in Dubai since last year, and it goes to the credit of the government and CBI, which made painstaking efforts to extradite him.
The businessman, a British national, was arrested in the UAE and extradited to India on Tuesday night.
Indian Youth Congress expels Aljo K Jospeh for defending Christian Michelin in court
When asked what position he holds in the Congress party, Joseph said, "I am the national in charge for Indian Youth Congress legal department."
Michel, 54, landed at the Indira Gandhi International Airport on a Gulfstream jet at 10.35 pm on Tuesday night after which he was arrested by the CBI in connection with the case.
Lashing out at the Congress, PM Modi said; "We brought back the raazdaar (secret holder) of the 'naamdaar' (Congress) party."
Michel, who was brought to Delhi from Dubai by CBI team will be produced before special judge Arvind Kumar, news agency ANI reported.
India officially made the request to the Gulf nation in 2017 for his extradition, based on the criminal investigations conducted in the case by the CBI and the Enforcement Directorate (ED).
Christian Bale, Freida Pinto and Andy Serkis will be coming to India for the world premiere of Mowgli.
China, however, denied the allegations and asked the Trump administration to stop interfering in China’s internal affairs.
News agency PTI has learnt that there was no court order on extradition of Michel to India as reported.
The order is being seen as a major shot in the arm to the agencies-- Central Bureau of Investigation (CBI) and ED -- probing the case.
Ronaldo made Juventus fans wait only eight minutes before scoring his first goal for the club in a traditional pre-season friendly.
Don't forget that Portugal has the best player in the world who is called Cristiano Ronaldo, Rebelo de Sousa told Trump.
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