ALFA Filings
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Prime Focus Limited complied with NCLAT's direction by depositing ₹353.80 Crore into an interest-bearing account. This follows the stay of a Mumbai NCLT order.
NCLAT stayed the NCLT insolvency order against Prime Focus Ltd. The company must deposit ₹353.8 Crore by May 20, 2026, to maintain the stay.
Prime Focus Limited updated exchanges on NCLAT proceedings where an interim stay was continued. The matter is adjourned to May 12, 2026 for further hearing.
Prime Focus Limited faces CIRP following a Rs. 353.80 Crore default claim by Reliance Alpha Services. NCLAT has stayed further steps by the IRP until May 11, 2026.
NCLAT stayed the Interim Resolution Professional's steps against Prime Focus Limited pending a May 11 hearing. This provides temporary relief from the NCLT's insolvency admission order.
NCLT Mumbai Bench has admitted an insolvency petition against Prime Focus Limited for an alleged debt of ₹353.79 Crore filed by Reliance Alpha Services. The company denies receiving any funds under the agreement and has filed an appeal with NCLAT seeking an urgent stay. Business operations continue without disruption while the legal dispute is contested.