# GAGANDEEP KAUR vs. MR. NARENDRA KUMAR SHARMA & SPAZE TOWERS PVT. LTD.

> NCLT judgment dated 2026-10-05. Citation: TCN-2026-NCLT-01178. The Applicant, GAGANDEEP KAUR, filed an application (I.A. 179 ND 2026) under Section 60(5) of…

- **Court:** NCLT
- **Order date:** 5 Oct 2026
- **Citation:** TCN-2026-NCLT-01178
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/spaze-towers-pvt-ltd-lq349

## Summary

### Background

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.

## Facts

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.

…

## Issues and analysis

### Issue 1: Whether the objections filed by the Applicant to …

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

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**Reasoning:** The Adjudicating Authority had already recorded findings and dismissed I.A. No. 6166 of

…

**Interpretation:** The principle of judicial consistency and finality of orders dictates that

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**Application:** Since the request to take on record objections was part of the reliefs already

…

## Parties

- **Judges:** MAHENDRA KHANDELWA…; ATUL CHAT…
- **Appellants:** GAGANDEEP…
- **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 held where the Resolution Plan for Spaze…
- **2025-11-18 — CoC Meet…**: 14th Meeting of the Committee of Creditors continued where the Resolution Plan for Spaze…

## 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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