Dabodia and his two associates were killed in the encounter with the Special Cell of the Delhi Police near a hotel.
The incident occurred at around 10:30 pm when acting on a tip off, the police intercepted Dabodia's car near Vasant Kunj area.
Dobadia and others reportedly opened fire at the police and were later injured when the police retaliated with cross-firing.
All the three were taken to AIIMS Trauma Centre where they were declared brought dead, reports said.
Special Commissioner of the Delhi Police's Special Cell, S.N. Srivasatava told media: "Neetu Dabodia was involved in more than 50 criminal cases which included murder, dacoity,robbery and kidnapping and others."
"Three people were killed in the encounter," he said.
--IBNS (Posted on 25-10-2013)