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Sanjeev Jain – the director and CEO of realty firm Parsvnath Developers' subsidiary, Parsvnath Landmark Developers – was arrested after a 60 km chase on Sunday, said Delhi police.
Mr Jain was arrested from Delhi airport.
On July 18, a non-bailable warrant was issued against the CEO for his inability to appear before the court.
Rajat Babbar had filed a complaint against Mr Jain in 2017.