# Rajinder Kaur vs. Mr. Narendra Kumar Sharma, Resolution Professional, Spaze Towers Pvt. Ltd.

> NCLT judgment dated 2026-10-05. Citation: TCN-2026-NCLT-01179. The Applicant, Rajinder Kaur, filed I.A. 168 ND 2026 under Section 60(5) of the Insolvency and…

- **Court:** NCLT
- **Order date:** 5 Oct 2026
- **Citation:** TCN-2026-NCLT-01179
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/spaze-towers-pvt-ltd-j0zvy

## Summary

### Background

The Applicant, Rajinder Kaur, filed I.A. 168 ND 2026 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The application sought to place on record objections to a Resolution Plan for Spaze Towers Private Limited, reject the said plan, and direct the Resolution Professional to invite fresh bids for a compliant Resolution Plan. 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.

## Facts

The present Application (I.A. 168 ND 2026) was filed by the Applicant under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016.

The Applicant sought to take on record objections to the Resolution Plan for Spaze Towers Private Limited.

The Applicant sought an order rejecting the Resolution Plan for Spaze Towers Private Limited.

The Applicant sought an order directing the Resolution Professional to invite fresh bids for a Resolution Plan that satisfies the parameters set out by the IBC, 2016, and associated regulations/guidelines.

The Resolution Plan 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.

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## Issues and analysis

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

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

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**Reasoning:** The Adjudicating Authority found that the findings and reasoning recorded in its prior

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**Interpretation:** The Adjudicating Authority's decision implies that once a matter or a set of

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**Application:** Given that I.A. No. 6166 of 2025, which sought identical/similar reliefs, was

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; ATUL CHATURVEDI…
- **Appellants:** RAJINDER…
- **Respondents:** Spaze Towers Pvt.…; Narendra Kumar…
- **Other parties:** Committee of…; Vivek Khanna &…
- **Advocates:** Aravind Subramania…; Upamanyu…; +5 more

## Timeline

- **2025-11-17 — CoC Meet…**: 14th Meeting of the Committee of Creditors where the Resolution Plan for Spaze Towers…
- **2025-11-18 — CoC Meet…**: 14th Meeting of the Committee of Creditors where the Resolution Plan for Spaze Towers…

## 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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