Authority: National Company Law Tribunal, New Delhi Court-IV (Single Bench)
Order Date: 20 July 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard matter NewIA/3282/ND/2026 in the main insolvency application IB/284/(PB)/2021. The application was filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 by Vivek Khanna & Others against Spaze Towers Pvt Ltd. The hearing was conducted in hybrid format (physical and video conference). The matter was presented before Hon'ble Member (Judicial) Shri Mahendra Khandelwal. Representatives for the Resolution Professional included Advocates Karan Gandhi, Sikhar Tiwari, Vidhika Kapoor, Riya Jain, and Pratham Bansal.
Final Outcome
The Single Bench ordered that the matter be listed before the Division Bench on 05 August 2026 for further proceedings. This is a procedural order that transfers the case from a Single Bench to a Division Bench for the next hearing.
Topics: Insolvency Proceedings, NCLT Hearing, Real Estate Company