Authority: National Company Law Tribunal, New Delhi Court-IV (Special Bench)
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) heard multiple Interlocutory Applications (IAs) related to an insolvency petition against Spaze Towers Pvt Ltd. The matter was filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 by Vivek Khanna & Others as applicants against Spaze Towers Pvt Ltd as respondent. The hearing was conducted in hybrid mode (physical and video conference).
Various advocates represented different parties in the proceedings:
- For Applicants: Adv. Arpit Dwivedi, Adv. Anikesh Brahma, PCS Lovkesh Batra, Mr. Gurcharan Singh, Adv. Siddhant Asthana, Adv. Siddhartha Negi, and Adv. Raveena Paniker
- For SRA: Adv Sumesh Dhawan, Adv Vatsala Kak, Adv Sagar Thakkar
- For AR: Adv. Vishal
- For RP: Adv Karan Gandhi, Sikhar Tiwari, Riya Jain, Adv Pratham Bansal
The bench comprised Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Yogendra Kumar Singh.
Final Outcome
The Tribunal ordered that the Plan Application and all other Interlocutory Applications be listed for hearing on August 5, 2026. This includes IA/6166/ND/2025, IA/6181/ND/2025, IA/6209/ND/2025, IA/6056/ND/2025, IA/168/ND/2026, IA/179/ND/2026, IA/185/ND/2026, IA/332/ND/2026, IA/352/ND/2026, IA/385/ND/2026, IA/504/ND/2026, IA/508/ND/2026, and IA/2043/ND/2026.
Topics: Insolvency Proceedings, Court Hearing Scheduling