ACHAL KUMAR JINDAL (SUSPENDED DIRECTOR OF M/S EXCLUSIVE CAPITAL LIMITED) vs EVAAN HOLDINGS PRIVATE LIMITED & ORS.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on : 21st January, 2025 Pronounced on: 12th February, 2025 + LPA 1083/2024 & CM APPL. 63827/2024 & CM APPL. 63828/2024 & CM APPL. 63829/2024 & CM APPL. 63830/2024 & CM APPL. 63831/2024 ACHAL KUMAR JINDAL (SUSPENDED DIRECTOR OF M/S EXCLUSIVE CAPITAL LIMITED) .....Appellant Through: Ms. Ranjeeta Rohtagi, Mr. Avishkar Singhvi, Mr. Keshav Sehgal, Mr. Shivam Gaur, Mr. Kshitiz Joshi, Mr. Aryan Kumar and Ms. Nandita Kumar, Advocates versus EVAAN HOLDINGS PRIVATE LIMITED & ORS. .....Respondents Through: Mr. Rajiv Nayyar, Sr. Advocate with Ms. Devika Mohan, Ms. Manya Chandok, Mr. Prabhav Bhaguna and Mr. Saurabh Seth, Advocates for R-1 Mr. Ramesh Babu and Ms. Nisha Sharma, Advocates for R-2/RBI CORAM: HON'BLE MR. JUSTICE CHANDRA DHARI SINGH HON'BLE MR. JUSTICE ANOOP KUMAR MENDIRATTA JUDGMENT CHANDRA DHARI SINGH, J. 1. The instant appeal under Clause X of the Letters Patent was filed on behalf of the Appellants seeking the following reliefs: “a) Allow the present Appeal and set aside the Impugned Signature Not Verified LPA 1083/2024 Page 1 of 28 Digitally Signed By:PRAVEEN KUMAR BABBAR Signing Date:12.02.2025 17:50:06 Judgement dated 23.10.2024 passed by the Learned Single Judge in Writ Petition bearing W.P. (C) No. 9877 of 2024 titled as “Evaan Holdings Pvt. Ltd. v. Reserve Bank of India & Ors.” and b) Pass an Order dismissing the said Writ Petition W.P. (C) No. 9877 of 2024 titled as “Evaan Holdings Pvt. Ltd. v. Reserve Bank of India & Ors.” as being non-maintainable, mala-fide and a gross abuse of process of law; c) Pass an ad-interim Order staying the Impugned Judgement dated 23.10.2024 passed by the Learned Single Judge in Writ Petition bearing W.P. (C) No. 9877 of 2024 titled as “Evaan Holdings Pvt. Ltd. v. Reserve Bank of