Based on the character names and context across multiple questions (Ashok, Tarneja, Ahuja, Srivastav, Vinod, Sudhir), this is from the film 'Jaane Bhi Do Yaaro' (1983). The Municipal Commissioner D'mello is indeed killed by Tarneja, one of the corrupt builders in the film. The answer marked as correct (B) is accurate to the film's plot.