JUDGMENT

ASHOK BHUSHAN, J.

IA No.7853 of 2024 IA No.7853 of 2024 has been filed by the Applicant/ Appellant praying for following reliefs:

“a) modify the Order dated 28.10.2024 passed by this Hon’ble Adjudicating Authority in the Company Appeal (AT)(lns) No. 2002 of 2024 to the effect that the CIR Process of the Corporate Debtor may be confined to the single Project namely ’Spaze Arrow’ for which the Section 7 Petition was filed before the Ld. Adjudicating Authority and the Committee of Creditors be constituted for the said Project only; and b) such other and further orders be passed as facts and circumstances of the case may require.”

2. Company Appeal (AT) (Ins.) No.2002 of 2024 has been filed by the Suspended Director of the Corporate Debtor - Spaze Towers Pvt. Ltd. challenging order dated 21.10.2024 passed by National Company Law Tribunal, New Delhi Bench, Court-IV admitting Section 7 Application filed by Respondents (Respondent Nos.1 to 26 – Financial Creditor in a class). The Respondents – Financial Creditors in a class being allottee of a Project namely ‘Spaze Arrow’ located at Sector 78, Gurugram filed Application claiming a default on the Corporate Debtor (“CD”) seeking