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The law ministry selected Malhotra for this position.
It has been reported that Malhotra is likely to take oath on Friday and the official notification will be published soon.
The Supreme Court Collegium consisting of Justices Dipak Misra, J. Chelameshwar and Ranjan Gogoi also cleared 12 names across four High Courts to be appointed as judges.
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Sources said the Law Ministry forwarded her file to the Intelligence Bureau (IB) for clearance and verification in the second week of April.
Given the delay and uncertainty, Malhotra had resumed her practice in the Supreme Court.