Ansal Crown Heights Flat Buyers Association v. Ansal Crown Infrabuild Pvt. Ltd. - 2026 INSC 51. Consumer Protection Act - Companies Act - IBC

Consumer Protection Act, 2019 - Section 71 - Execution must strictly conform to the decree - 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. (Para 12-13)

Companies Act 2013 - A company registered under the Companies Act is a distinct legal entity other than the legal entity or entities that hold its shares - a clear distinction must be maintained between a company and its shareholders. (Para 16) Doctrine of lifting of the corporate veil - The lifting of the corporate veil is an exceptional measure, to be resorted 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. (Para 18)

Insolvency and Bankruptcy Code, 2016: Section 14 - Once a moratorium has been declared against the judgment debtor company, the modes of execution contemplated under including 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. (Para 15)