The Applicants (Jyoti Rawal & Ors.) filed I.A. 3135 ND 2026 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking multiple reliefs. These reliefs included directing a fresh forensic audit of the Corporate Debtor (Spaze Towers Pvt. Ltd.), setting aside or rejecting the Resolution Plan due to the erstwhile management's participation, replacing the Resolution Professional (Mr. Narendra Kumar Sharma), initiating avoidance and recovery proceedings, and securing custody of the Corporate Debtor's financial records.
An application, I.A. 3135 ND 2026, was filed by Jyoti Rawal & Ors. 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 reliefs including a fresh forensic audit of Spaze Towers Pvt. Ltd., rejection of a resolution plan, replacement of the Resolution Professional Mr. Narendra Kumar Sharma, initiation of avoidance proceedings, and recovery of corporate debtor's records.
The issues raised in the application had previously been considered and adjudicated by the Adjudicating Authority in New Intervention Petition/49/ND/2026 (order dated 05.08.2026), I.A. 3457/ND/2025 (order dated 05.10.2026), and I.A. 1637/ND/2026 (order dated 05.10.2026).
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C.P. IB 284 (PB) OF 2021…
W.P.(C) No. 9094 of 2021 filed before the…
The Applicants (Jyoti Rawal & Ors.) filed I.A. 3135 ND 2026 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking multiple reliefs. These reliefs included directing a fresh forensic audit of the Corporate Debtor (Spaze Towers Pvt. Ltd.), setting aside or rejecting the Resolution Plan due to the erstwhile management's participation, replacing the Resolution Professional (Mr. Narendra Kumar Sharma), initiating avoidance and recovery proceedings, and securing custody of the Corporate Debtor's financial records.
An application, I.A. 3135 ND 2026, was filed by Jyoti Rawal & Ors. 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 reliefs including a fresh forensic audit of Spaze Towers Pvt. Ltd., rejection of a resolution plan, replacement of the Resolution Professional Mr. Narendra Kumar Sharma, initiation of avoidance proceedings, and recovery of corporate debtor's records.
The issues raised in the application had previously been considered and adjudicated by the Adjudicating Authority in New Intervention Petition/49/ND/2026 (order dated 05.08.2026), I.A. 3457/ND/2025 (order dated 05.10.2026), and I.A. 1637/ND/2026 (order dated 05.10.2026).
…C.P. IB 284 (PB) OF 2021…
W.P.(C) No. 9094 of 2021 filed before the…