Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 09 July 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard multiple Interlocutory Applications (IAs) numbered IA/6166/ND/2025 through IA/2043/ND/2026 in the main insolvency petition IB/284/(PB)/2021. The proceedings were initiated under Section 7 of the Insolvency & Bankruptcy Code, 2016 by applicants Vivek Khanna & Others against corporate debtor Spaze Towers Pvt Ltd. The hearing was conducted in hybrid mode (physical and video conference).
Final Outcome
Due to paucity of time, the bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi adjourned the case to 5 August 2026. The applicants were represented by Senior Advocate Mr. Arvind Subramaniam along with several other advocates.
Topics: Insolvency Proceedings, NCLT Adjournment, Corporate Debtor