top of page

 

 

FAQ:

If Suraksha is already ignoring the NCLT-approved plan, and NCLT does not itself have ‘enforcement machinery’, then what is the SECOND order that will force Suraksha to comply?”

Here is the clear, correct, legally accurate explanation:

⭐ 1. Does NCLT Have Enforcement Power?

​​

YES — it absolutely does, but in a different way than police/civil courts.

NCLT cannot send police to the site, but NCLT has statutory enforcement power under the IBC, which is stronger because violations become criminal offences.

​​

✔ NCLT has the power to:

  1. Declare Suraksha in default of the Resolution Plan

  2. Initiate contempt proceedings (civil + criminal)

  3. Initiate prosecution under IBC Section 74

  4. Direct IBBI to begin investigation

  5. Order replacement of Suraksha (RP/RA)

  6. Order attachment of assets

  7. Order banks/IMC to freeze or redirect funds

  8. Report to Supreme Court for further directions

In insolvency, these are the strongest legal weapons.

​​

⭐ 2. If Suraksha continues to ignore, what is the next order NCLT passes?

​​

There are only two real outcomes:

​​

🔥 Outcome A: NCLT issues a “Compliance Order” + Warning under IBC Section 74

​​

This is the standard second order.

​​

NCLT orders:

  1. Suraksha must correct SOAs within X days

  2. Stop all inflated charges

  3. Follow the Resolution Plan strictly

  4. Submit compliance report to IMC + NCLT

  5. Warning of criminal action (IBC 74)

​​

This order alone usually forces compliance because…

🔥 What is IBC Section 74? (Very Important)

​​

If Suraksha violates the NCLT-approved plan:

​​

→ Directors face 3 years imprisonment

→ Company faces up to ₹1 crore fine

→ It becomes a CRIMINAL OFFENCE, not civil

​​

No builder wants to face IBC Section 74 prosecution.

​​

This is the REAL enforcement arm of NCLT.

​​

⭐ Outcome B: NCLT escalates to IBBI + Supreme Court

​​

If Suraksha still refuses:

​​

✔ NCLT refers the case to IBBI for investigation

​​

IBBI can:

  • suspend Suraksha’s management

  • impose penalties

  • disqualify directors

  • initiate prosecution

  • recommend criminal investigation

​​

✔ NCLT can refer to Supreme Court

​​

Supreme Court may:​

  • summon Suraksha management

  • freeze assets

  • replace Suraksha as Resolution Applicant (if extreme)

  • appoint a Court Receiver

  • impose personal liability on directors

This has happened before in Jaypee Infratech:

👉 2018 Supreme Court removed old Jaypee promoters and took over CIRP

​​

It can happen again if Suraksha acts in bad faith.​

⭐ 3. What WILL Suraksha do if NCLT passes a second order?

👉 99% chance Suraksha complies.

Reason:


Because non-compliance becomes a criminal offence (IBC Section 74) punishable with imprisonment.

👉 Suraksha will NOT risk:

  • criminal prosecution

  • being disqualified

  • being thrown out of the project

  • directors being summoned to Supreme Court

  • funds being frozen

  • IMC taking control

 

Builders fear IBC violations more than any other law.

​​

⭐ 4. Why Suraksha is acting overconfident NOW?

​​

Because:

  • They assume homebuyers will not go to NCLT

  • They assume they can manipulate SOAs silently

  • They assume small individual complaints can be ignored

  • There is no immediate penalty unless NCLT is invoked

This is exactly why:

​​

The moment one strong Section 60(5) NCLT application is filed,

​​

everything changes.

After the first NCLT notice is issued to Suraksha →
They start obeying.

Because the risks become HUGE.

​​​

⭐ 5. What is the REAL second order that forces compliance?

​​

NCLT → “Compliance Order + Section 74 Warning”

​​

This is the most powerful and effective.


It triggers fear because it directly threatens:

  • criminal liability

  • personal director liability

  • company penalties

  • Supreme Court escalation

​​

No builder wants this.​

​​

⭐ 6. FINAL VERDICT

✔ NCLT does have enforcement power

BUT enforcement = criminal consequences, not police.

​​

✔ The “second order” forces Suraksha to comply because:

  • violating NCLT plan = illegal

  • violating NCLT plan = criminal offence

  • violating SC instructions = contempt

 

✔ If Suraksha still refuses (rare):

NCLT → IBBI investigation → Supreme Court intervention.

This chain is far more powerful than High Court’s writs.

Prepared by- @suveshvsaa13 / X

Sign & Share A Petition

Email: "ind.vision47@gmail.com"

bottom of page