# Anuradha Prasad & Anr. vs. Narendra Kumar Sharma, RP of Spaze Towers Pvt. Ltd.

> NCLT judgment dated 2026-10-05. Citation: TCN-2026-NCLT-01121. The Applicants filed an application under Section 60(5) of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 5 Oct 2026
- **Citation:** TCN-2026-NCLT-01121
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/spaze-towers-pvt-ltd-7cmut

## Summary

### Background

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.

## Facts

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.

## Issues and analysis

### Issue 1: Whether the objections filed by the Applicants to the Resolution Plan for Spaze Towers Private …

**Ratio:** An application seeking reliefs identical or similar to those already considered and

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**Reasoning:** The Adjudicating Authority had already recorded findings in I.A. No. 6166 of 2025, where

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**Interpretation:** The principle of judicial consistency or res judicata applies, where a matter

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**Application:** Since the present application sought reliefs that were identical/similar to

…

## Parties

- **Judges:** MAHENDRA KHANDELWA…; ATUL CHAT…
- **Appellants:** ANURADHA…; SAN.JEEV…
- **Respondents:** Spaze Towers Pvt.…; Narendra Kumar…
- **Other parties:** Committee of…; DIVISION BENCH…; +1 more
- **Advocates:** Aravind Subramania…; Upamanyu…; +6 more

## Timeline

- **2025-11-17 — CoC Meet…**: The 14th Meeting of the Committee of Creditors was held, where the Resolution Plan for…
- **2025-11-18 — CoC Meet…**: The 14th Meeting of the Committee of Creditors continued, where the Resolution Plan for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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