Sanjeev Jain - the director and Chief Executive Officer (CEO) of realty firm Parsvnath Developers' subsidiary, Parsvnath Landmark Developers - was arrested after a 60 km chase, said Delhi police.
Mr Jain, a resident of DLF Phase-2 in Gurugram, was arrested from Delhi airport by a team of Delhi Police Special Task Force (STF) Shahdara.
"Jain was arrested on Saturday by the STF team of Shahdara from the IGI airport following non-bailable warrants issued against the CEO for his inability to appear before the National Consumer Disputes Redressal Commission," Deputy Commissioner of Police (Shahdara) Surendra Choudhary said in a statement.
The warrants against Mr Jain were issued in connection with a case filed by one Rajat Babbar, the statement said.
"Four non-bailable warrants and one bailable warrant from the National Consumer Disputes Redressal Commission were pending at the Shahdara police station against Jain," it added.
Mr Jain was produced before the commission on Sunday, the statement said.