Jyoti Ahuja (Applicant) filed an application (I.A. 6056 ND 2025) 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, which was to be put up for approval before the Committee of Creditors in their 14th Meeting held on 17.11.2025 & 18.11.2025. Additionally, the applicant sought the rejection of the said Resolution Plan and a direction to the Resolution Professional to invite fresh bids for a compliant Resolution Plan.
Jyoti Ahuja filed an application (I.A. 6056 ND 2025) 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 objections to the Resolution Plan for Spaze Towers Private Limited.
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.
The application also sought the rejection of the Resolution Plan for Spaze Towers Private Limited.
A further relief sought was to direct the Resolution Professional to invite fresh bids for a Resolution Plan satisfying the parameters of the IBC, 2016 and associated regulations/guidelines.
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14th Meeting of the Committee of Creditors…
14th Meeting of the Committee of Creditors…
Jyoti Ahuja (Applicant) filed an application (I.A. 6056 ND 2025) 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, which was to be put up for approval before the Committee of Creditors in their 14th Meeting held on 17.11.2025 & 18.11.2025. Additionally, the applicant sought the rejection of the said Resolution Plan and a direction to the Resolution Professional to invite fresh bids for a compliant Resolution Plan.
Jyoti Ahuja filed an application (I.A. 6056 ND 2025) 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 objections to the Resolution Plan for Spaze Towers Private Limited.
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.
The application also sought the rejection of the Resolution Plan for Spaze Towers Private Limited.
A further relief sought was to direct the Resolution Professional to invite fresh bids for a Resolution Plan satisfying the parameters of the IBC, 2016 and associated regulations/guidelines.
…14th Meeting of the Committee of Creditors…
14th Meeting of the Committee of Creditors…