The Dominica high court granted a consent order by Choksi's legal team and the state's lawyer, permitting him to go to Antigua, where he has been staying as a citizen since 2018 after he left India.
Mallya, Nirav Modi and Choksi have defrauded public sector banks by siphoning off the funds through their companies which resulted in total loss of Rs 22,585.83 crore to the banks.
The 62-year-old diamantaire who gained citizenship in Antigua and Barbuda in 2017, is wanted by the Indian investigative agencies for allegedly cheating the Punjab National Bank of Rs 13,500 crore.
The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking and 58 foreign letters of credit during March-April 2017, against which 311 bills were discounted.
Mehul Choksi is wanted in India in the Rs 13,500 crore Punjab National Bank (PNB) fraud case.
The promoter of Geetanjali Gems and other famous diamond brands in India had fled the country weeks before Rs 13,500 crore fraud in Punjab National Bank (PNB) allegedly involving him and his nephew Nirav Modi surfaced.
The police have started the investigation after receiving a complaint from Choksi, Antigua Prime Minister Gaston Browne said.
It is likely that the next hearing may take place after a month and the businessman will remain in Dominica.
Earlier on Thursday, Dominican High Court Judge Bernie Stephenson adjourned the habeas corpus hearing of Choksi.
The team consisting of two members of the CBI and officials of the other agencies has reached Dominica where Choksi's case will come for hearing tomorrow (local time) before the High Court of Dominica.