RENAISSANCE BUILDCON COMPANY PVT. LTD. & ORS. vs TARJINDER KUMAR BANSAL & ORS.

Judgment text excerpt

* I N T H E H I G H CO U RT O F DE L H I AT NE W DE L H I Reserved on: November 17, 2025 % Pronounced on: February 05, 2026 + CONT.CAS(C) 802/2021, CM APPL. 38927/2021, CM APPL. 51855/2022 RENAISSANCE BUILDCON COMPANY PVT. LTD. & ORS. …...Petitioners Through: Mr. Ashish Mohan, Sr. Adv. With Mr. Thakur Ankit Sing and Mr. Anjit Dwivedi, Advs. Versus TARJINDER KUMAR BANSAL & ORS. ..…Respondents Through: Mr. Samar Bansal, Mr. Ashutosh Gupta and Mr. Gaurav Rana, Advs. for R-1 to 3. Ms. Diksha Goswami, Adv. for R-6 Ms. Medhanshu Tripathi, Mr. Tushar Tokas, Mr. Hemant Saini, Mr. Arvinder Kaur, Ms. Aditi Singh and Mr. Manas Rai, Advs. CORAM: HON’BLE MR. JUSTICE SAURABH BANERJEE JUDGMENT 1. By virtue of the present petition under Section 10 of the Contempt of Courts Act, 19711, the petitioners seek initiation of contempt proceedings 1 Hereinafter referred to as ‘CC Act’ CONT. CAS (C) 802/2021 Page 1 of 18 Signature Not Verified Digitally Signed By:BABLOO SHAH Signing Date:05.02.2026 01:39:39 against the respondent nos.1 to 5 for violation of orders dated 27.10.2014, 12.12.2014 and 18.07.2015 passed by learned Sole Arbitrator2 in proceedings entitled ‘M/s BDR Builders & Developers Pvt. Ltd. vs. M/s Rennaissance Buildcon Company Pvt. Ltd.’. FACTUAL MATRIX: 2. In a nutshell, petitioner no.1 is a company incorporated under the provisions of the Companies Act, 1956 wherein petitioner nos.2 and 3 are Directors, respondent nos.1 to 3 are its former Directors, who resigned on 14.01.2021, respondent no.4 is the purported Authorised Representative of the petitioner no.1, who allegedly participated in the Board Meeting on 20.09.2020, respondent no.5 is the erstwhile Chartered Accountant of the petitioner no.1, respondent no.6/ original claimant before the learned Arbitrator is a loan facil