NCLAT Continues Interim Relief for Prime Focus; Next Hearing Set for May 12
Published on: May 12, 2026, 3:49 a.m. | Source: scanx.trade
NCLAT, New Delhi continued its interim order restraining the IRP from acting on the NCLT admission order against Prime Focus Limited on May 11, 2026, adjourning the matter to May 12, 2026. The NCLT, Mumbai Bench had admitted an insolvency petition filed by Reliance Alpha Services Private Limited under Section 7 of the IBC for an alleged financial debt of approximately Rs. 353.79 crores. Prime Focus has contested the admission and assures stakeholders that its global VFX and post-production business operations remain unaffected.
