1. Have you married in India as per Hindu Marriage Act?
2. If yes, then you are OCI and have married in India as per Indian Axct for which your marriage and also divorce will be Governed by the Act and at the place by which you had married and where you had married.
3. If she gets a divorce decree in India with order for compensation and you do not comply with the said Court order, it can not be punishable as per Indian law at Canada since you are no more an Indian Citizen but if you hold any property in India the same may be attached by Court order for selling the same for recovering the amount to be paid to your wife towards compensation, if directed by the Court.
4. Moreover, warrant might be issued against you, for non compliance of Court order, for which you shall be exposed to the risk of being arrested on arriving at India.
5. No, it is not at all too late if you represent yourself through your lawyer on the next date of hearing for contesting the case filed by your wife.