# Vinod Dahiya vs. Mr. Narendra Kumar Sharma, Resolution Professional, Spaze Towers Pvt. Ltd.

> NCLT judgment dated 2026-10-05. Citation: TCN-2026-NCLT-01116. The Applicant, Vinod Dahiya, filed an application (I.A. 385 ND 2026) under Section 60(5) of the…

- **Court:** NCLT
- **Order date:** 5 Oct 2026
- **Citation:** TCN-2026-NCLT-01116
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/spaze-towers-pvt-ltd-wph40

## Summary

### Background

The Applicant, Vinod Dahiya, filed an application (I.A. 385 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 record objections to a resolution plan for Spaze Towers Private Limited, reject the said plan, and direct the Resolution Professional to invite fresh bids for a compliant resolution plan.

## Facts

The present Application (I.A. 385 ND 2026) was filed by Vinod Dahiya under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016.

The Applicant sought to record objections to the 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.

The Applicant sought an order rejecting the Resolution Plan for Spaze Towers Private Limited.

The Applicant sought an order directing the Resolution Professional to invite fresh bids for a Resolution Plan that satisfies the parameters set out by 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 had already recorded findings in I.A. No. 6166 of 2025, where

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**Interpretation:** The principle of judicial finality and consistency dictates that once an issue

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**Application:** Since the core request for recording objections to the resolution plan was

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; ATUL CHATURVEDI…
- **Appellants:** VINOD D…
- **Respondents:** Spaze Towers Pvt.…; Narendra Kumar…
- **Other parties:** Committee of…; Vivek Khanna &…; +1 more
- **Advocates:** Aravind Subramania…; Upamanyu…; +5 more

## Timeline

- **2025-11-17 — Committee of Creditors…**: The 14th Meeting of the Committee of Creditors was held, where the Resolution Plan for…
- **2025-11-18 — Committee of Creditors…**: The 14th Meeting of the Committee of Creditors continued, where the Resolution Plan for…

## 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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