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 record objections to a Resolution Plan for Spaze Towers Private Limited, reject the plan, and direct the Resolution Professional to invite fresh bids that comply with the IBC, 2016 and associated regulations. The Resolution Plan in question was resolved to be put up for approval before the Committee of Creditors in their 14th Meeting held on 17.11.2025 & 18.11.2025.
The Applicants, Ajay Kumar Jain and Jayshree Jain, filed an application (I.A. 504 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 to take on record the objections filed by the Applicants to the Resolution Plan for Spaze Towers Private Limited.
The application requested an order rejecting the Resolution Plan for Spaze Towers Private Limited.
The application sought a direction to the Resolution Professional to invite fresh bids for a Resolution Plan satisfying the parameters of the Insolvency and Bankruptcy Code, 2016, and associated regulations/guidelines.
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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 record objections to a Resolution Plan for Spaze Towers Private Limited, reject the plan, and direct the Resolution Professional to invite fresh bids that comply with the IBC, 2016 and associated regulations. The Resolution Plan in question was resolved to be put up for approval before the Committee of Creditors in their 14th Meeting held on 17.11.2025 & 18.11.2025.
The Applicants, Ajay Kumar Jain and Jayshree Jain, filed an application (I.A. 504 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 to take on record the objections filed by the Applicants to the Resolution Plan for Spaze Towers Private Limited.
The application requested an order rejecting the Resolution Plan for Spaze Towers Private Limited.
The application sought a direction to the Resolution Professional to invite fresh bids for a Resolution Plan satisfying the parameters of the Insolvency and Bankruptcy Code, 2016, and associated regulations/guidelines.
…The 14th Meeting of the Committee of Creditors…
The 14th Meeting of the Committee of Creditors…