that could be a catasetum, judging from the size of the older bulbs and the new growth. They are generally exiting dormancy round about now. Look on the internet for examples. The leaves are pleated and relatively large. Compare to a dendrobium.
If it is, they require a bit more specialised treatment as you should only begin watering when the roots are 2-3 inches long......in any event that plant does need to be repotted into fresh media.