# JYOTI AHUJA vs. MR. NARENDRA KUMAR SHARMA, RESOLUTION PROFESSIONAL, SPAZE TOWERS PVT. LTD.

> NCLT judgment dated 2026-10-05. Citation: TCN-2026-NCLT-01166. Jyoti Ahuja (Applicant) filed an application (I.A. 6056 ND 2025) under Section 60(5) of the…

- **Court:** NCLT
- **Order date:** 5 Oct 2026
- **Citation:** TCN-2026-NCLT-01166
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/spaze-towers-pvt-ltd-j2utv

## Summary

### Background

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.

## Facts

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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## 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 have already been considered and dismissed in a prior

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**Reasoning:** The Adjudicating Authority noted that identical/similar reliefs, including the

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**Interpretation:** The NCLT maintains judicial consistency, implying that once an issue or a set

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**Application:** Given that the request to take objections on record was part of the reliefs

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; ATUL CHAT…
- **Appellants:** JYOTI A…
- **Respondents:** Spaze Towers Pvt.…; Narendra Kumar…; +1 more
- **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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