Prime Focus Insolvency Petition
NCLAT has officially closed the Corporate Insolvency Resolution Process (CIRP) against Prime Focus Ltd. The tribunal set aside the prior insolvency order following a settlement with creditors.
- Value
- ₹353.8 Cr
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NCLAT has officially closed the Corporate Insolvency Resolution Process (CIRP) against Prime Focus Ltd. The tribunal set aside the prior insolvency order following a settlement with creditors.
NCLAT has set aside the insolvency admission order and closed the CIRP against Prime Focus Limited. The moratorium is lifted and board powers are fully restored.
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.
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.