London: In a major development, a London court on Monday issued an arrest warrant against diamond merchant Nirav Modi, who is wanted in India for an alleged loan default case, according to the sources in the Enforcement Directorate.

The arrest warrant was issued by the Westminster Court, the sources added. India had already requested the extradition of Nirav Modi from the United Kingdom. The development comes days after the fugitive was tracked down to a 33-storey Centre Point Apartment complex in London's Theatre District.