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Citation Codes
Neutral Citations
2026 INSC 51
Equivalent Citations
citation codes
Case Number
Disposition
Attorney(S)
Judges
Acts
  • Section 14(3) of the IBC (Insolvency and Bankruptcy Code)
  • Section 71 of the Consumer Protection Act, 2019
  • Section 5, Subsection 2 of the 1983 Income Tax Act (no direct reference in the text, but mentioned as a possible example)
  • Section 14 of the IBC (Insolvency and Bankruptcy Code)
  • CP Act
  • Insolvency and Bankruptcy Code, 2016
  • Companies Act
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Cites
Cited by
Citation Codes
Neutral Citations
2026 INSC 51
Equivalent Citations
citation codes
Case Number
Disposition
Attorney(S)
Judges
Acts
  • Section 14(3) of the IBC (Insolvency and Bankruptcy Code)
  • Section 71 of the Consumer Protection Act, 2019
  • Section 5, Subsection 2 of the 1983 Income Tax Act (no direct reference in the text, but mentioned as a possible example)
  • Section 14 of the IBC (Insolvency and Bankruptcy Code)
  • CP Act
  • Insolvency and Bankruptcy Code, 2016
  • Companies Act
Smart Summary

Factual and Procedural Background

The appellant, Ansal Crown Heights Flat Buyers Association (Regd.), is an association of flat buyers who entered into individual builder–buyer (Flat Buyer) Agreements with M/s Ansal Crown Infrabuild Pvt. Ltd. (ACIPL) for apartments in the project “Ansal Crown Heights.” Under these agreements, ACIPL promised to hand over possession of the apartments within 36 months from the date of execution of the agreements. The committed period for possession expired for all buyers between December 2013 and December 2015.

As ACIPL failed to deliver possession, the appellant filed two consumer complaints before the National Consumer Disputes Redressal Commission (NCDRC): the first on 10 January 2018 (CC/86/2018, on behalf of 45 flat buyers), and the second on 26 November 2018 (CC/2600/2018, on behalf of 20 flat buyers). The respondents included ACIPL and its directors/promoters (respondents 2 to 9).

While admitting CC/86/2018, the NCDRC by order dated 25 January 2018 consciously directed that the proceedings would continue only against ACIPL as respondent no. 1, declined to issue notice to respondents 2 to 9 (directors/promoters), and required the appellant to amend the memo of parties accordingly. Subsequently, CC/2600/2018 was filed with ACIPL as the sole respondent, in conformity with this admission order. That order was never challenged and attained finality.

On 28 February 2022, the NCDRC allowed both complaints and directed ACIPL to complete the project, obtain the occupancy certificate, and hand over possession of the flats to the allottees with interest at 9% per annum on the deposited amounts from the committed date of possession until the offer of possession. Alternatively, allottees unwilling to wait were entitled to a refund of the entire amount with interest at 9% per annum, payable within six weeks, failing which interest at 12% per annum would apply for the period of default.

Due to non-compliance by ACIPL, the appellant initiated execution proceedings. In the meantime, a corporate insolvency resolution process was commenced against ACIPL under the Insolvency and Bankruptcy Code, 2016 (IBC), and a moratorium under Section 14 came into force. On 18 May 2023, NCDRC adjourned the execution proceedings sine die, including as against the directors, holding that since ACIPL could not be proceeded against due to the moratorium, it would not be appropriate to continue the execution against opposite party nos. 2 to 9, particularly as they were not parties in the main complaint. Liberty was granted to seek revival if the National Company Law Tribunal altered, modified, or vacated its order, or finally decided the insolvency proceedings.

The appellant challenged this sine die adjournment before the Supreme Court in Civil Appeal Nos. 4247, 4480 and 4481 of 2023. By order dated 17 January 2024, the Supreme Court set aside the NCDRC order, holding that the moratorium under Section 14 of the IBC shields only the corporate debtor and does not extend to directors/promoters. The Court directed that execution may continue against respondents 2 to 9, with liberty to them to raise all objections, including pleas of non-liability and issues of executability against them.

Upon revival, the appellant pressed the execution applications against respondents 2 to 9. By the impugned judgment and order dated 20 June 2024, the NCDRC dismissed the execution applications insofar as they sought to proceed against respondents 2 to 9, holding that the order was executable only against ACIPL, the sole respondent in the original complaints. The present lead civil appeals (Nos. 8465–8466 of 2024) challenge that decision. Other connected civil appeals (Nos. 8539, 10874–10877 & 10878 of 2024) involving similar questions of fact and law were heard together.

Legal Issues Presented

  1. Whether persons who were initially arrayed as respondents in the consumer complaints, but against whom no notice was issued and against whom the complaints did not proceed, can nevertheless be subjected to execution proceedings solely on the basis that they are directors/promoters of the judgment-debtor company (ACIPL).
  2. Whether the NCDRC’s view that the execution order is enforceable only against ACIPL, the sole respondent in the complaints, and not against its directors/promoters, warrants interference by the Supreme Court.

Arguments of the Parties

The opinion does not contain a detailed account of the parties' legal arguments.

Table of Precedents Cited

Precedent Rule or Principle Cited For Application by the Court
Rajbir v. Suraj Bhan, (2022) 14 SCC 609 It is well settled that the executing court cannot go beyond the decree; the decree must be executed as it is, though the executing court may construe the decree. The Court applied this principle to hold that since the judgments in CC/86/2018 and CC/2600/2018 were passed only against ACIPL, the execution could not be extended to respondents 2 to 9, who were not parties to the decree and against whom no liability was adjudicated.
Electronics Corpn. of India Ltd. v. Secy., Revenue Deptt., Govt. of A.P., (1999) 4 SCC 458 A clear distinction must be drawn between a company and its shareholders; a company registered under the Companies Act is a distinct legal entity separate from its shareholders, even if there is only one shareholder and that shareholder is the Government. The Court relied on this distinction to reinforce that ACIPL, as a corporate entity, is distinct from its directors/promoters, and that their personal liability cannot be presumed merely because they are associated with the company, in the absence of specific adjudication or guarantees.

Court's Reasoning and Analysis

The Supreme Court began by noting that at the admission stage of CC/86/2018, the NCDRC had consciously admitted the complaint only against ACIPL and declined to issue notice to the directors/promoters (respondents 2 to 9). It specifically directed amendment of the memo of parties to make ACIPL the sole respondent, and this order was never challenged. Thereafter, proceedings in both complaints continued on this basis alone.

The Court emphasized that no pleadings were directed to be filed against respondents 2 to 9, no issues were framed as to their liability, and no findings were recorded against them at any stage. The lis was consciously and finally confined to ACIPL, and the resulting adjudication led to an order binding exclusively ACIPL. The order neither determined liability of respondents 2 to 9 nor directed them to do or refrain from doing any act. Consequently, the essential foundation for fastening liability on them was absent.

Applying the settled principle from Rajbir v. Suraj Bhan, the Court reiterated that an executing court cannot go beyond the decree and must execute it as it stands. A decree cannot be used in execution to shift or enlarge liability so as to bind persons who were not parties to the decree or otherwise legally liable under it. In the context of a company as judgment debtor, the liability of shareholders or joint venture partners is generally confined to their shareholding or to any guarantees or undertakings they have expressly furnished.

The Court found that the appellant had neither pleaded nor shown that respondents 2 to 9 had furnished any guarantee or surety in respect of the project investments, nor produced material to attract Section 14(3) of the IBC. Thus, there was no independent legal basis to treat them as guarantors or otherwise personally liable.

The Court further observed that once a moratorium under Section 14 of the IBC is declared against the judgment-debtor company (ACIPL), the execution modes under Section 71 of the Consumer Protection Act, 2019—such as attachment and sale of property, attachment of bank accounts, or withdrawal of decretal amounts from ACIPL’s accounts—are interdicted. Execution cannot be allowed to continue indirectly against respondents 2 to 9, who are neither judgment debtors nor guarantors and against whom no independent liability under the NCDRC’s orders has been established.

Invoking Electronics Corpn. of India Ltd., the Court underscored the distinction between a company and its shareholders, holding that this separate corporate personality must be respected. It then agreed with the NCDRC’s approach that the Consumer Protection Act prescribes a complete adjudicatory process—including service of notice, pleadings, opportunity to contest, evidence, and findings of fact and law—before liability is fastened. These are substantive safeguards, not mere formalities.

In this case, no adjudicatory exercise was undertaken in respect of respondents 2 to 9: there were no pleadings alleging personal roles, no evidence establishing individual culpability, and no findings fixing personal liability. Execution proceedings therefore could not be converted into a “surrogate forum” to impose liability where none had been adjudicated.

The Court held that the doctrine of piercing or lifting the corporate veil was inapplicable on the facts. Lifting the corporate veil is an exceptional measure, justified only upon a clear finding that the corporate structure has been abused for fraudulent or dishonest purposes, based on specific pleadings and a merits determination. Here, no such allegation of fraud or misuse of the corporate form was pleaded or established before the adjudicatory forum; absent a prior reasoned determination warranting disregard of the corporate personality, directors/promoters cannot be exposed to personal liability through execution.

Addressing the appellant’s reliance on the Supreme Court’s earlier order dated 17 January 2024, the Court noted that the earlier order dealt with a limited question: whether the moratorium under Section 14 of the IBC against ACIPL barred continuation of execution proceedings against directors/promoters. That order held that the moratorium did not, by itself, preclude execution against directors/officers, provided they were otherwise liable, and clarified that respondents 2 to 9 could raise contentions that they were not bound to implement the order, with the NCDRC to decide their liability in accordance with law.

The Court explained that the earlier order did not declare any personal liability of respondents 2 to 9; it merely removed the moratorium-related impediment and left the issue of their liability to be determined by the NCDRC. Viewed in this light, the impugned NCDRC order, which examined executability against respondents 2 to 9 on its merits and declined to proceed against them for want of legal or factual basis for personal liability, was not inconsistent with the Supreme Court’s prior directions.

Ultimately, the Court held that the NCDRC committed no error of law or jurisdiction in declining to execute the order against persons who were not parties to the complaints and against whom no liability had been adjudicated. The order binds only ACIPL. The appellant, having not challenged the NCDRC’s order dated 25 January 2018 (which confined the complaint to ACIPL and excluded respondents 2 to 9), could not now enlarge the scope of that order at the execution stage.

Holding and Implications

Holding: The Supreme Court held that execution of the NCDRC’s orders in CC/86/2018 and CC/2600/2018 cannot proceed against respondents 2 to 9 (directors/promoters of ACIPL), as they were not parties to the adjudicated complaints and no liability was determined against them. The decree is executable only against ACIPL, the corporate judgment debtor. Accordingly, the lead civil appeals were DISMISSED, and the connected civil appeals (Nos. 8539, 10874–10877 & 10878 of 2024), involving similar questions of fact and law, were also DISMISSED. There was no order as to costs.

Implications: The immediate consequence is that the appellant cannot utilize the pending execution proceedings to enforce the NCDRC’s orders against ACIPL’s directors/promoters in their personal capacity. Execution under the Consumer Protection Act, 2019, in respect of these decrees, remains confined to ACIPL, subject to the constraints imposed by the IBC moratorium. However, the Court expressly clarified that dismissal of these appeals does not preclude the appellant from pursuing any other remedies available in law against the promoters/directors, including proceedings under the Companies Act, the IBC, or civil law, provided the statutory requirements for such actions are satisfied.

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    ANSAL CROWN HEIGHTS FLAT BUYERS ASSOCIATION (REGD.) v. M/S ANSAL CROWN INFRABUILD PVT. LTD.

    2026 INSC 51

    1

    REPORTABLE

    IN THE SUPREME COURT OF INDIA

    CIVIL APPELLATE JURISDICTION

    CIVIL APPEAL NOs. 8465-8466 OF 2024

    ANSAL CROWN HEIGHTS FLAT

    BUYERS ASSOCIATION (REGD.) … APPELLANT

    VS.

    M/S ANSAL CROWN INFRABUILD PVT. LTD. & ORS. … RESPONDENTS

    WITH

    CIVIL APPEAL NO. 8539 OF 2024

    KAMAL GIROTRA & ANR. … APPELLANTS

    VS.

    M/S ANSAL CROWN INFRABUILD PVT. LTD. & ORS. … RESPONDENTS

    WITH

    CIVIL APPEAL NOs. 10874-10877 OF 2024 SANGEETA DEWAN ETC. ETC. … APPELLANTS

    VS.

    M/S ANSAL CROWN INFRABUILD PVT. LTD. & ORS. … RESPONDENTS

    AND

    CIVIL APPEAL NO. 10878 OF 2024

    1

    2

    NIDHI CHAWLA … APPELLANT

    VS.

    M/S ANSAL CROWN INFRABUILD PVT. LTD. & ORS. … RESPONDENTS

    J U D G M E N T

    DIPANKAR DATTA, J.

    CIVIL APPEAL NOs.8465-8466 OF 2024

    1. The lead appeals call in question the judgment and order dated 20th June, 20241of the National Consumer Disputes Redressal Commission2dismissing Execution Application Nos. 27/2023 and 28/2023 filed by the appellant against the respondents 2 to 9 (directors/promoters of M/s. Ansal Crown Infrabuild Pvt. Ltd.3). Such applications arose from two final orders rendered by the NCDRC while deciding complaints lodged by the appellant bearing nos. CC/2600/2018 and CC/86/2018 respectively.

    FACTUAL BACKGROUND

    2. Appellant is an association of flat buyers which entered into Flat Buyer Agreements with ACIPL for units in Ansal Crown Heights. Vide

    1 impugned order

    2 NCDRC

    3 ACIPL

    3

    individual builder buyer agreements, ACIPL promised to handover possession of the apartments within a period of 36 months from the date of execution of the agreements, which expired for all the buyers in the time period from December, 2013 - December, 2015. Possession of the flats not having been delivered, the appellant instituted two consumer complaints - the first on 10th, January 2018 (on behalf of 45 flat buyers), and the second on 26thNovember, 2018 (on behalf of 20 flat buyers). The respondents were ACIPL and its directors/promoters being the respondents 2 to 9.

    3. While admitting CC/86/2018, the NCDRC vide order dated 25th January, 2018 directed that the proceedings would continue only against ACIPL and not the respondents 2 to 9. Accordingly, the appellant was directed to file amended memo of party impleading ACIPL as the sole respondent.

    4. Subsequently, CC/2600/2018 came to be lodged wherein ACIPL was arrayed as the sole respondent, in conformity with the earlier admission order.

    5. On 28thFebruary, 2022, the complaints were allowed and directions were issued to ACIPL to complete the project; obtain the occupancy certificate; and hand over possession of the flats to the buyers, i.e., the allottees, with interest @ 9% per annum on the amounts deposited by them from the committed date of possession until the offer of possession or, alternatively, if the allottees were unwilling to wait for possession, ACIPL was directed to refund the entire amount deposited

    4

    with interest @ 9% per annum, to be paid within six weeks, failing which interest @ 12% per annum would apply for the period of default.

    6. Owing to ACIPL not complying with the said order, the appellant initiated proceedings for execution. During this time, corporate insolvency resolution process having been initiated under the Insolvency and Bankruptcy Code, 20164against ACPIL, a moratorium had come into force. NCDRC, accordingly, vide order dated 18thMay, 2023, adjourned proceedings sine die, including against the directors of ACPIL with the following observations:

    " ... So far opposite party Nos.2 to 9 are concerned, they were not party in the main complaint. If the decree cannot be executed against opposite party No.1 due to moratorium under Section 14 of the IBC, it would not be appropriate to proceed in same execution against opposite party Nos.2 to 9. In the light of order of National Company Law Tribunal, this Matter is adjourned sine die with liberty to the Parties to file an Application for listing of the Case in the event the National Company Law Tribunal alter, modify or vacates of the Order or decides the proceedings finally."

    7. Appellant then challenged the sine die adjournment granted by the NCDRC by filing Civil Appeal Nos. 4247, 4480 and 4481 of 2023 before this Court. The said appeals were allowed vide order dated 17th January 2024, whereby the abovementioned order of the NCDRC was set aside. This Court directed that the execution proceedings may continue against the respondents 2 to 9, while granting them liberty to raise all available objections, including the plea that they were not liable to satisfy or implement the order sought to be executed. This

    4 IBC

    5

    Court held that the moratorium under Section 14 of the IBC shields only the corporate debtor and does not extend to directors/promoters.

    8. Upon revival, the appellant pressed the execution applications against the respondents 2 to 9. As noted, the NCDRC dismissed the execution applications insofar as they sought to proceed against the respondents 2 to 9, holding that the order is executable only against ACIPL, the sole respondent in the original complaints.

    ISSUE

    9. The core controversy lies within a narrow compass. Question that arises is, can persons who were arrayed as respondents in the consumer complaints but ultimately against whom no notice was issued and the complaints did not proceed, could be brought within the net of execution, on the premise that they were directors/promoters of the judgment-debtor company. NCDRC has answered this question in the negative. We are called upon to decide whether such view warrants interference.

    ANALYSIS AND OBSERVATIONS

    10. It is not in dispute that at the stage of admitting CC/86/2018, the NCDRC consciously admitted the complaint on 25thJanuary, 2018 only qua the respondent no. 1, namely ACIPL, while declining to issue notice to the directors and promoters. A specific direction was issued to amend the memo of parties accordingly, whereafter notice was issued only to ACIPL. The said order was never assailed and, therefore, attained finality.

    6

    11. Proceedings in the complaints thereafter continued on that basis alone. No pleadings were directed to be filed against, nor issues framed in relation to the directors or promoters, and no findings came to be recorded against them at any stage of the adjudicatory process. Once the lis stood consciously and finally confined to ACIPL, the adjudication culminated in an order binding exclusively ACIPL and none else. The order neither records any determination of liability against the respondents 2 to 9 nor contains any direction requiring them to perform or refrain from performing any act. In the absence of pleadings, adjudication, or findings against them, the essential foundation for fastening liability upon the respondents 2 to 9 is plainly lacking.

    12. Since, the judgment and order in CC/86/2018 and CC/2600/2018 had not been passed against the respondents 2 to 9, at the stage of execution, the order passed against ACIPL could not be enforced against them. It is settled law that execution must strictly conform to the decree. This principle has been reiterated in a catena of precedents. For the purpose of this discussion, we may profitably refer to Rajbir v. Suraj Bhan5where this Court held that:

    "14. It is well settled that the executing court cannot go beyond the decree. The decree must be executed as it is. Though, it is indeed open to the executing court to construe the decree; it cannot go beyond the decree …"

    5 (2022) 14 SCC 609

    7

    13. It is trite that a decree cannot, by process of execution, be employed to shift or enlarge liability so as to bind persons who were neither parties to the decree nor otherwise legally liable thereunder. Where the judgment debtor is a company, the liability of its shareholders or joint venture partners remains confined to the extent of their shareholding or to such guarantees or undertakings as may have been expressly furnished by them.

    14. In the present case, the appellant has neither pleaded nor established that the respondents 2 to 9 had furnished any guarantee or surety in respect of the investment made in the project, nor has any material been placed on record to attract the application of Section 14(3) of the

    IBC.

    15. Once a moratorium has been declared against the judgment debtor company, i.e., ACIPL, the modes of execution contemplated under Section 71 of the Consumer Protection Act, 20196including attachment and sale of movable or immovable property, attachment of bank accounts, or withdrawal of decretal amounts from the accounts of the judgment debtor, stand interdicted. Execution proceedings cannot, therefore, be permitted to continue indirectly against the respondents 2 to 9, who are neither judgment debtors nor guarantors, and against whom no independent liability under the order allowing the complaints has been established.

    6 CP Act

    8

    16. This Court in Electronics Corpn. of India Ltd. v. Secy., Revenue Deptt., Govt. of A.P.7underscored that a clear distinction must be maintained between a company and its shareholders by observing as follows:

    "15. A clear distinction must be drawn between a company and its shareholder, even though that shareholder may be only one and that the Central or a State Government. In the eye of the law, a company registered under the Companies Act is a distinct legal entity other than the legal entity or entities that hold its shares."

    17. We are in complete agreement with the approach adopted by the NCDRC that the CP Act envisages a complete adjudicatory process founded on service of notice, pleadings, opportunity to contest, leading of evidence, and recorded findings of fact and law. These are not mere procedural formalities but substantive safeguards that precede the fastening of liability. In the present case, no such adjudicatory exercise was undertaken qua the respondents 2 to 9. There are no pleadings attributing any personal role to them, no evidence led to establish individual culpability, and no findings returned fixing personal liability. In the absence of these foundational elements, execution proceedings cannot be utilised as a surrogate forum to impose liability where none has been adjudicated.

    18. It is apposite to note that the invocation of the doctrine of piercing the corporate veil is wholly unwarranted in the present factual matrix. The lifting of the corporate veil is an exceptional measure, to be resorted

    7 (1999) 4 SCC 458

    9

    to only upon a clear finding that the corporate personality was abused for fraudulent or dishonest purposes. Such a finding must be preceded by specific pleadings and a determination on merits. No such allegation of fraud or misuse of the corporate form was either pleaded or established before the adjudicatory forum. In the absence of a prior and reasoned determination justifying disregard of the corporate personality, the directors/promoters cannot be exposed to personal liability through execution.

    19. Appellant placed reliance on the order of this Court dated 17thJanuary, 2024. The order reads as follows:

    "11. Therefore, we are of the view that only because there is a moratorium under Section 14 of the IBC against the company, it cannot be said that no proceedings can be initiated against the opposite party Nos. 2 to 9(the respondent Nos. 2 .to 9) for execution, provided that they ·are otherwise liable to abide by and comply with the order, which is passed against the company. The protection of the moratorium will not be available to the directors/officers of the company.

    12. Therefore, we set aside the impugned judgments and orders and remit the execution application to the National Commission. The execution will continue against the opposite party Nos. 2 to 9(the respondent Nos. 2 to 9) in the execution application.

    13. It is open for the opposite party Nos. 2 to 9 (the respondent Nos. 2 to 9) to raise a contention that they are not bound to implement the order sought to be executed. They are entitled to file additional objections along with documents raising the issue of executability as against them.

    14. We clarify that the issue whether opposite party Nos. 2 to 9 (the respondent Nos. 2 to 9) to the execution are otherwise liable, will have to be decided by the National Commission in accordance with law."

    (emphasis ours)

    20. A plain reading of the said order shows that it addressed a limited issue, namely, whether the existence of a moratorium under Section

    10

    14 of the IBC, against ACIPL, operated as a bar to the continuation of execution proceedings against its directors/promoters. This Court held that the moratorium, by itself, does not preclude execution proceedings against directors or officers, provided they are otherwise liable.

    21. Importantly, the order did not determine or declare any personal liability of the respondents 2 to 9. On the contrary, this Court expressly left it open to them to raise all objections as to executability and clarified that the question whether they are otherwise liable to comply with the order was required to be decided by the NCDRC in accordance with law. The order dated 17thJanuary, 2024, therefore, merely removed the moratorium-related impediment and did not expand the scope of the order or fasten liability upon the directors.

    22. Viewed in this light, the impugned order of the NCDRC, which examines the issue of executability against the respondents 2 to 9 on its own merits and declines to proceed against them in the absence of any legal or factual basis for personal liability, cannot be said to be inconsistent with the order of this Court.

    23. Having heard learned counsel for the parties and having perused the record, we are of the considered view that the NCDRC committed no error of law or jurisdiction in declining to execute the order against persons who were admittedly not parties to the complaints. The order binds only ACIPL. Appellant did not challenge the order dated 25th January, 2018 of the NCDRC declining to issue notice to the

    11

    respondents 2 to 9 and directing it to file amended memo of party with ACIPL as the sole respondent, and cannot now enlarge the order through execution. Hence, in our opinion, the appeals must fail.

    24. Consequently, the appeals are dismissed.

    25. However, this dismissal will not preclude the appellant from pursuing any remedy available in law against the promoters/directors, including proceedings under the Companies Act, IBC, or civil law, should the statutory requirements therefor be satisfied.

    26. There shall be no order as to costs.

    CIVIL APPEAL NOs.8539, 10874-10877 & 10878 OF 2024

    27. These appeals involve similar questions of fact and law as raised in the lead appeals and for the reasons aforementioned, the same too stand dismissed.

    ……………..…………………………J.

    (DIPANKAR DATTA)

    ……………..…………………………J.

    (AUGUSTINE GEORGE MASIH)

    New Delhi;

    January 12, 2026.

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    ANSAL CROWN HEIGHTS FLAT BUYERS ASSOCIATION (REGD.) v. M/S ANSAL CROWN INFRABUILD PVT. LTD.
    (Jan 12, 2026)