Unethical, Misleading, and Coercive Interest Demands by Suraksha Realty, Noida,
Unethical, Misleading, and Coercive Interest Demands by Suraksha Realty, Noida,
The Issue
Respondent Details:
Jaypee Infratech Ltd.
Suraksha Realty Ltd. (part of the Suraksha Group, associated with industrialist Mr. Dilip Shanghvi through affiliated entities)
Registered Office: Mumbai (Project Office: Sector 128, Noida)
Officials: Mr. Sudhir Valia (Director), Mr. Abhijit Gohil (CEO), Mr. Vrashank Bhardwaj (CRC Head)
Sub: Stop ₹235Cr Fund Diversion & Illegal 20% Extortion by Suraksha Realty – Enforce NCLT Orders Now!
The Crisis: Judicial Defiance & Economic Exploitation
In this Amrit Kaal, enforcement must be our secret weapon for success. It is the bridge between a ‘Soft State’ and a ‘Structured Nation.’ However, the 20,000 families of Jaypee Infratech (JIL) are currently trapped in a "Jail Chaos" of litigation and extortion by the new promoter, Suraksha Realty.
Despite the NCLT’s landmark Order dated 07.03.2023 [IA No. 2836/PB/2021], which approved the Resolution Plan and explicitly extinguished all pre-CIRP interest and penalty claims totaling ₹3,539 Crore, Suraksha Realty is openly defying the "Clean Slate" principle of the IBC.
The Modus Operandi of Exploitation:
Fraudulent Demands: Homebuyers are being slapped with fabricated Statements of Account (SOA) showing 20% compounded interest. In verified cases, a 2018 liability of ₹93,000 has been illegally inflated to ₹19 Lakhs.
Coercion & Threats: The builder is using threats of allotment cancellation and denial of possession to force buyers into paying these extinguished dues.
The Relitigation Trap: Buyers are being told to "bring fresh court orders" for laws already settled by the NCLT and Supreme Court—a direct attempt to exhaust the middle class.
The Criminal Investigation (FIR No. 0002/2026):
This is no longer just a delay; it is a criminal breach of trust. On January 1, 2026, the Economic Offences Wing (EOW) registered FIR No. 0002/2026 against Suraksha Realty and Lakshdeep Investments under Sections 406/420/120B IPC.
Investigation reveals a shocking diversion of ₹235 Crore—money that belonged to our project—into shadow entities including ITI Gold Loans, ITI Finance, and ITI Mutual Fund. While the project remains incomplete since 2011, our hard-earned money is allegedly being siphoned off.
Our Demands for Immediate Action:
- Strict Enforcement: We call on the PMO, Ministry of Corporate Affairs, and IBBI to ensure the NCLT "Clean Slate" order is enforced without forcing buyers back to court.
- Regulatory Penalty: Impose a penalty on Suraksha Realty in proportion to the ₹3,539 Crore they are attempting to illegally recover.
- Forensic Audit: An immediate audit of the ₹235 Crore diversion cited in the EOW FIR.
- Possession Without Extortion: Direct the NCLT Expert Committee (PK Mohanty & Deepti Mukesh) to ensure no homebuyer is charged a single rupee of extinguished pre-CIRP interest.
Conclusion: For India to be "Incredible" and a hub for global investors, the rule of law must prevail. We demand an end to this financial terrorism. Our innovation and family savings belong to the nation’s growth, not a builder’s pocket.
" This Petition is based on publicly available orders and the collective experiences of homebuyers. It is not intended to defame or accuse any one but to seek enforcement of judicial directions and to highlight the ongoing Financial Exploitation of Homebuyers through non-compliance and arbitrary demands"
“Reference links below (public information) — Jaypee Infratech – Suraksha Realty, Noida.”
- Google Site
- Interest Calculator--New
- CIRP Legal Engine--New
- Join Group
- X-post
Petitoner
Suvesh.V
(A Homebuyer – Jaypee Infratech Ltd.)
Date: 9 November 2025
1,034
The Issue
Respondent Details:
Jaypee Infratech Ltd.
Suraksha Realty Ltd. (part of the Suraksha Group, associated with industrialist Mr. Dilip Shanghvi through affiliated entities)
Registered Office: Mumbai (Project Office: Sector 128, Noida)
Officials: Mr. Sudhir Valia (Director), Mr. Abhijit Gohil (CEO), Mr. Vrashank Bhardwaj (CRC Head)
Sub: Stop ₹235Cr Fund Diversion & Illegal 20% Extortion by Suraksha Realty – Enforce NCLT Orders Now!
The Crisis: Judicial Defiance & Economic Exploitation
In this Amrit Kaal, enforcement must be our secret weapon for success. It is the bridge between a ‘Soft State’ and a ‘Structured Nation.’ However, the 20,000 families of Jaypee Infratech (JIL) are currently trapped in a "Jail Chaos" of litigation and extortion by the new promoter, Suraksha Realty.
Despite the NCLT’s landmark Order dated 07.03.2023 [IA No. 2836/PB/2021], which approved the Resolution Plan and explicitly extinguished all pre-CIRP interest and penalty claims totaling ₹3,539 Crore, Suraksha Realty is openly defying the "Clean Slate" principle of the IBC.
The Modus Operandi of Exploitation:
Fraudulent Demands: Homebuyers are being slapped with fabricated Statements of Account (SOA) showing 20% compounded interest. In verified cases, a 2018 liability of ₹93,000 has been illegally inflated to ₹19 Lakhs.
Coercion & Threats: The builder is using threats of allotment cancellation and denial of possession to force buyers into paying these extinguished dues.
The Relitigation Trap: Buyers are being told to "bring fresh court orders" for laws already settled by the NCLT and Supreme Court—a direct attempt to exhaust the middle class.
The Criminal Investigation (FIR No. 0002/2026):
This is no longer just a delay; it is a criminal breach of trust. On January 1, 2026, the Economic Offences Wing (EOW) registered FIR No. 0002/2026 against Suraksha Realty and Lakshdeep Investments under Sections 406/420/120B IPC.
Investigation reveals a shocking diversion of ₹235 Crore—money that belonged to our project—into shadow entities including ITI Gold Loans, ITI Finance, and ITI Mutual Fund. While the project remains incomplete since 2011, our hard-earned money is allegedly being siphoned off.
Our Demands for Immediate Action:
- Strict Enforcement: We call on the PMO, Ministry of Corporate Affairs, and IBBI to ensure the NCLT "Clean Slate" order is enforced without forcing buyers back to court.
- Regulatory Penalty: Impose a penalty on Suraksha Realty in proportion to the ₹3,539 Crore they are attempting to illegally recover.
- Forensic Audit: An immediate audit of the ₹235 Crore diversion cited in the EOW FIR.
- Possession Without Extortion: Direct the NCLT Expert Committee (PK Mohanty & Deepti Mukesh) to ensure no homebuyer is charged a single rupee of extinguished pre-CIRP interest.
Conclusion: For India to be "Incredible" and a hub for global investors, the rule of law must prevail. We demand an end to this financial terrorism. Our innovation and family savings belong to the nation’s growth, not a builder’s pocket.
" This Petition is based on publicly available orders and the collective experiences of homebuyers. It is not intended to defame or accuse any one but to seek enforcement of judicial directions and to highlight the ongoing Financial Exploitation of Homebuyers through non-compliance and arbitrary demands"
“Reference links below (public information) — Jaypee Infratech – Suraksha Realty, Noida.”
- Google Site
- Interest Calculator--New
- CIRP Legal Engine--New
- Join Group
- X-post
Petitoner
Suvesh.V
(A Homebuyer – Jaypee Infratech Ltd.)
Date: 9 November 2025
1,034
Petition created on 26 October 2025