# Approval of Resolution Plan - Thwink Big Content Private Limited

> NCLT judgment dated 2025-09-25. Citation: TCN-2025-NCLT-01429. The case pertains to an application filed by the Resolution Professional, Truee IPE LLP, under…

- **Court:** NCLT
- **Order date:** 25 Sept 2025
- **Citation:** TCN-2025-NCLT-01429
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-thwink-big-content-private-limited-c3bb4ccf

## Summary

### Background

The case pertains to an application filed by the Resolution Professional, Truee IPE LLP, under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016, for approval of the Resolution Plan for M/s. Thwink Big Content Private Limited.

## Facts

The application was filed by Truee IPE LLP, the Resolution Professional, for approval of the Resolution Plan.

The Resolution Plan was submitted by M/s. Micro Capitals Private Limited and approved by the Committee of Creditors (CoC).

The Corporate Debtor is M/s. Thwink Big Content Private Limited.

The CIRP was initiated based on an application filed by M/s. Reliance Commercial Finance Private Limited under Section 7 of IBC, 2016.

The CoC was constituted on August 21, 2024, and consisted of Authum Investment and Infrastructure Limited and Invent Assets Securitization & Reconstruction Private Limited.

The Resolution Plan was approved by the CoC with a 94.67% voting share.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan …

**Ratio:** The Adjudicating Authority must ensure that the Resolution Plan meets the requirements

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**Reasoning:** Section 30(2) outlines the mandatory requirements for a Resolution Plan, including

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**Interpretation:** The Resolution Plan must adhere to all the conditions stipulated in Section

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**Application:** The Adjudicating Authority found that the Resolution Plan complied with Section

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Truee IPE (…; Reliance Commercia…
- **Respondents:** Thwink Big…
- **Other parties:** Authum Investments…; Invent Assets…; +2 more
- **Advocates:** TAPLE…

## Timeline

- **2024-07-26 — CIRP Admissi…**: Order passed by the…
- **2024-07-29 — Date of Initiation of…**: CIRP was initiated on…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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