The Applicants filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. They sought to place on record their objections to a Resolution Plan for Spaze Towers Private Limited, to reject the said plan, and to direct the Resolution Professional to invite fresh bids that comply with the IBC and associated regulations.
The Applicants filed an application, I.A. 185 ND 2026, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016.
The application sought reliefs including taking on record objections to a Resolution Plan, rejecting the Resolution Plan for Spaze Towers Private Limited, and directing the Resolution Professional to invite fresh bids.
The Resolution Plan for Spaze Towers Private Limited was resolved to be put up for approval before the Committee of Creditors in its 14th Meeting held on 17.11.2025 & 18.11.2025.
The Adjudicating Authority had previously considered and dismissed identical/similar reliefs in I.A. No. 6166 of 2025 vide an order dated 05.10.2026.
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The 14th Meeting of the Committee of Creditors…
The 14th Meeting of the Committee of Creditors…
The Applicants filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. They sought to place on record their objections to a Resolution Plan for Spaze Towers Private Limited, to reject the said plan, and to direct the Resolution Professional to invite fresh bids that comply with the IBC and associated regulations.
The Applicants filed an application, I.A. 185 ND 2026, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016.
The application sought reliefs including taking on record objections to a Resolution Plan, rejecting the Resolution Plan for Spaze Towers Private Limited, and directing the Resolution Professional to invite fresh bids.
The Resolution Plan for Spaze Towers Private Limited was resolved to be put up for approval before the Committee of Creditors in its 14th Meeting held on 17.11.2025 & 18.11.2025.
The Adjudicating Authority had previously considered and dismissed identical/similar reliefs in I.A. No. 6166 of 2025 vide an order dated 05.10.2026.
The 14th Meeting of the Committee of Creditors…
The 14th Meeting of the Committee of Creditors…