$\dfrac{(1 - i)^{2023}}{(1 + i)^{2021}} = \dfrac{(1 - i)^{2023} \times i^{2021}}{(1 + i)^{2021}\times i^{2021}}$
$ = \dfrac{(1 - i)^{2023} \times i^{2021}}{((1 + i)\times i)^{2021}}$
$ = \dfrac{(1 - i)^{2023} \times i^{2021}}{(i + i^{2})^{2021}}$
$ = \dfrac{(1 - i)^{2023} \times i^{2021}}{(i - 1)^{2021}}\qquad [\because i^{2} = -1]$
$ = \dfrac{(1 - i)^{2023} \times i^{2021}}{-(1 - i)^{2021}}$
$ = -(1 - i)^{2} \times i^{2021}$
$ = -(1 - i)^{2} \times i^{1}$
$ = -i(1 - i)^{2}$
$ = -i(1^{2} + i^{2} - 2i)$
$ = -i(1 - 1 - 2i)$
$ = -i \times -2i$
$ = 2i^{2} = 2(-1) = -2$
So, the correct answer is $(C).$