# Approval of Resolution Plan - Pifiniti Movies Private Limited

> Read the full IBC case summary for Approval of Resolution Plan - Pifiniti Movies Private Limited. NCLT judgment dated 2025-09-25. Citation: TCN-2025-NCLT-01430.

- **Court:** NCLT
- **Order date:** 25 Sept 2025
- **Citation:** TCN-2025-NCLT-01430
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/approval-of-resolution-plan-pifiniti-movies-private-limited-41d1b9da

## Summary

### Background

The application was filed by the Resolution Professional seeking approval of the Resolution Plan for Pifiniti Movies Private Limited, which was approved by 100% of the Committee of Creditors' voting share. The Corporate Debtor was admitted into CIRP following an application by Reliance Commercial Finance Limited.

## Facts

The Resolution Professional, Mr. Chandra Prakash Jain, filed an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, along with regulations 38 and 39 of the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application sought approval for the Resolution Plan dated January 9, 2025, submitted by Micro Capitals Pvt. Ltd., which received 100% approval from the Committee of Creditors (CoC) for Pifiniti Movies Private Limited.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Micro Capitals Pvt. Ltd. for Pifiniti Movies Private…

**Ratio:** A Resolution Plan approved by the Committee of Creditors with the requisite voting share,…

**Reasoning:** The Resolution Professional confirmed that the Resolution Plan complies with Section…

**Interpretation:** The NCLT interpreted its role as limited to ensuring the Resolution Plan meets…

**Application:** The NCLT, upon perusal of the Resolution Plan and the Compliance Certificate in…

## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Advocates:** For the Applicant:…; Ld. Cou…

## Timeline

- **November 5, 2018 — Incorporation of…**: Pifiniti Movies Private Limited…
- **June 12, 2024 — CIRP Initiati…**: The Corporate Debtor was admitted into CIRP by an order of the NCLT, and Mr. Chandra…

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