New Delhi (Agencies): A Delhi court on Monday deferred pronouncement of its judgement on the two-decade-old, politically sensitive Bofors payoff case against Italian businessman Ottavio Quattrocchi till March 4.

Chief Metropolitan Magistrate Vinod Yadav will now deliver verdict of his order on CBI's plea seeking withdrawal of the case against 70-year-old Quattrocchi in March.

The fate of the more than two-decade-old, politically sensitive Bofors payoff case against Italian businessman Ottavio Quattrocchi is likely to be decided on Monday by a Delhi court.

Chief Metropolitan Magistrate Vinod Yadav will pronounce his order on CBI's plea seeking withdrawal of the case against 70-year-old Quattrocchi.

The CBI had, in October 2009, sought permission of the court to withdraw the case against Quattrocchi, who has never appeared before any court in India to face trial, saying that his continued prosecution was "unjustified" in the light of various factors including the agency's failed attempts to extradite him.

The CBI had failed twice in extraditing him – first from Malaysia in 2003 and then from Argentina in 2007.

A charge sheet was filed against Quattrocchi for allegedly receiving a payoff for brokering the Bofors gun deal.

A criminal case was registered by the CBI on January 20, 1990 to probe who were the beneficiaries of the payoffs in the 1986 Bofors gun deal.

After its probe completion, the agency had filed two charge sheets in the case -- first on October 22, 1999 and the other on October 9, 2000.

The CBI had contended that there was no change in the government's stand on withdrawing the case against Quattrocchi in the wake of the Income Tax Appellate Tribunal (ITAT) order, which had said that kickbacks of Rs 61 crore were paid to late Win Chaddha and Quattrocchi in the Howitzer gun deal.

"The continuance of prosecution against Quattrocchi will be unjustified. It is considered expedient in the interest of justice that the proceedings against him should not be continued and be withdrawn," CBI had pleaded in its nine-page application seeking withdrawal of case.

Advocate Ajay Agrawal, who has been pursuing the case in the Supreme Court and had approached the trial court against CBI's move to seek a closure of the case, has contended in the court that the Centre and the agency were trying to close the case despite having sufficient evidence against Quattrocchi.