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

* 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 2. The Company namely M/s Exclusive Capital Limited (hereinafter as the “ECL”) was incorporated on 18th April, 1994 under the provisions of the Comp