The Applicant, GAGANDEEP KAUR, filed an application (I.A. 179 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, which 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. Additionally, the Applicant requested the rejection of the said Resolution Plan and a direction to the Resolution Professional to invite fresh bids that comply with the IBC and associated regulations.
The Applicant, GAGANDEEP KAUR, filed I.A. 179 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 objections to a Resolution Plan for Spaze Towers Private Limited.
The Resolution Plan 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 Applicant also sought an order rejecting the Resolution Plan and directing the Resolution Professional to invite fresh bids.
Identical/similar reliefs had previously been considered and dismissed by the Adjudicating Authority in I.A. No. 6166 of 2025.
I.A. No. 6166 of 2025 was dismissed vide an order dated 05.10.2026.
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14th Meeting of the Committee of Creditors…
14th Meeting of the Committee of Creditors…
The Applicant, GAGANDEEP KAUR, filed an application (I.A. 179 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, which 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. Additionally, the Applicant requested the rejection of the said Resolution Plan and a direction to the Resolution Professional to invite fresh bids that comply with the IBC and associated regulations.
The Applicant, GAGANDEEP KAUR, filed I.A. 179 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 objections to a Resolution Plan for Spaze Towers Private Limited.
The Resolution Plan 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 Applicant also sought an order rejecting the Resolution Plan and directing the Resolution Professional to invite fresh bids.
Identical/similar reliefs had previously been considered and dismissed by the Adjudicating Authority in I.A. No. 6166 of 2025.
I.A. No. 6166 of 2025 was dismissed vide an order dated 05.10.2026.
…14th Meeting of the Committee of Creditors…
14th Meeting of the Committee of Creditors…