IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD HON’BLE SRI JUSTICE K. LAKSHMAN CONTEMPT CASE No.1378 OF 2024 Between Ras Al Khaimah Investment Authority (RAKIA) ……...Petitioner vs.

IQuest Enterprises Private Limited and others ……. Respondents DATE OF ORDER PASSED: 07.11.2025 SUBMITTED FOR APPROVAL.

THE HON’BLE SRI JUSTICEK.LAKSHMAN

1 Whether Reporters of Local newspapers may be allowed to see the Judgment? Yes/No

2 Whether the copies of judgment may be marked to Law Reporters/Journals Yes/No

3 Whether His Lordship wish to see the fair copy of the Judgment? Yes/No _______________________

JUSTICE K. LAKSHMAN IN THE HIGH COURT FOR THE STATE OF TELANGANA AT: HYDERABAD CORAM:

* HON’BLE SRI JUSTICE K. LAKSHMAN + COMTEMPT CASE No.1378 OF 2024 % Delivered on: 07-11-2025 Between # Ras Al Khaimah Investment Authority (RAKHA) .. Petitioner Vs.

$ IQuest Enterprises Private Ltd.

and others. .. Respondents For Petitioner Sri K.Vivek Reddy, learned Senior Counsel, rep.Sri G.Vamshi Krishna, Learned Counsel for the petitioner, For Respondents Sri P. Sri Raghu Ram, Learned Senior Counsel rep. Sri K.V. Rusheek Reddy, Learned counsel appearing for 1^strespondent, Sri D. Prakash Reddy, Learned Senior Counsel rep. Sri Naraparaju Avaneesh, Learned Counsel appearing for 2^nd respondent, Sri S.Niranjan Reddy, Learned Senior Counsel rep. Sri A. Abhishek Swaroop Reddy, Learned Counsel appearing for 3^rd respondent, 28. (2014) 3 SCC 373 29. 1992 Cri LJ 2520

30. (2021) 14 SCC 312

31. [1900] 2 QB 36 (UK)

32. [1974] AC 273

33. 331 US 367 (1947) (USA)

34. (1979) 2 EHRR 245 (ECHR)

35. (1994) 6 SCC 332, 36. (2003) 11 SCC 1

37. AIR 1968 SC 1413 38. AIR 2009 SC 2214 39. AIR 1980 SC 1528 40. (2001) 7 SCC 549

41. 2024 INSC 544 42. 2025 INSC 546

43. 1988 SCC ONLINE SC 463

44. [(1991) 2 LW 295]

45. 2024 INSC 73

46. CC No. 793 of 2016 dated 09 December 2016

47. 2025 INSC 567

48. Suit no 1912 of 2004 dated 4^th August 2008

49. 2024 INSC 978, 50. (1994) 6 SCC 442

51. (2022 BHC-OS 1870-DB)

52. 1952 2 SCC 14

53. (2009) 10 SCC 48 54. 2014 16 SCC 204

55. (2007) 12 SCC 788

56. (2010) 3 SCC 330

57. (2019) 17 SCC 193

58. (2017) 1 SCC 640 59. (2008) 5 SCC 668

60. (2022) 7 SCC 31

61. (2024 SCC OnLine Del 5604), 62. 2000 (4) SCC 400

63. 2018 SCC OnLine Pat 2035, INDEX Sr. No. Particulars Page Nos.

1. Factual background 6 2. Contentions of the Petitioner 7 3. Contentions of Respondent No.1 17 4. Contentions of Respondent No. 2 26 5. Contentions of Respondent No. 3 33 6. Contentions of Respondent No. 4 40 7. Origin and Jurisdiction of Contempt Proceedings 46 8. Case Laws cited and Findings 70 9. CCI Proceedings 115

10. Alter Ego

11. Conclusion 119 HON’BLE SRI JUSTICE K. LAKSHMAN CONTEMPT CASE No.1378 OF 2024

ORDER:

Heard Sri K.Vivek Reddy, learned Senior Counsel, representing Sri G.Vamshi Krishna, learned counsel for the petitioner, Sri P. Sri Raghu Ram, learned Senior Counsel representing Sri K.V. Rusheek Reddy, learned counsel appearing for respondent No. 1, Sri D. Prakash Reddy, learned Senior Counsel representing Sri Naraparaju Avaneesh, learned counsel appearing for 2^nd respondent, Sri S.Niranjan Reddy, learned Senior counsel representing Sri A. Abhishek Swaroop Reddy, learned counsel appearing for 3^rd respondent, Sri A. Venkatesh, learned Senior Counsel representing Ms. Pratusha Bopanna, learned counsel appearing for 4^th respondent, and Sri Avinash Desai, learned Senior Counsel representing Sri Kondaparthy Kiran Kumar, learned counsel appearing for respondent Nos.5 and 6.

2. This Contempt Case is filed under Sections 10 and 12 of the Contempt of Courts Act, 1971 ( hereinafter referred to as ‘the Act,1971’), by the petitioner against the respondents seeking to punish them for civil contempt in terms of Sections 10 to 12 of the Contempt of Courts Act, for willful breach of Undertaking, willful disobedience of Order and/or willful circumvention of the Undertaking/Order of Principal Special Court in the Cadre of District Judge, for Trial and Disposal of Commercial Disputes, City Civil Court, Hyderabad in CEP