{"id":1007584,"date":"2026-05-11T10:58:10","date_gmt":"2026-05-11T05:28:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1007584"},"modified":"2026-05-11T12:29:10","modified_gmt":"2026-05-11T06:59:10","slug":"nclt-admits-insolvency-plea-against-prime-focus-over-rs-353-79-crore-claim-company-challenges-order-in-nclat","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/05\/11\/nclt-admits-insolvency-plea-against-prime-focus-over-rs-353-79-crore-claim-company-challenges-order-in-nclat\/","title":{"rendered":"NCLT admits insolvency plea against Prime Focus over Rs 353.79 crore claim, company challenges order in NCLAT"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT), Mumbai Bench, has orally pronounced admission of an insolvency petition against Prime Focus Ltd filed by Reliance Alpha Services Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition relates to an alleged financial debt of Rs 353.79 crore, including interest. <\/p>\n<p>In a regulatory filing on May 7, Prime Focus said it was informed about the oral pronouncement around 8.18 pm on May 6 and that the written order is awaited. The company said it has already approached the National Company Law Appellate Tribunal (NCLAT) seeking urgent relief, including a stay on the operation of the order.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT), Mumbai Bench, has orally pronounced admission of an insolvency petition against Prime Focus Ltd filed by Reliance Alpha Services Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition relates to an alleged financial debt of Rs 353.79 crore, including interest. In a regulatory filing on May 7, Prime Focus said it was informed about the oral pronouncement around 8.18 pm on May 6 and that the written order is awaited. The company said it has already approached the National Company Law Appellate Tribunal (NCLAT) seeking urgent relief, including a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58,4,10],"tags":[],"class_list":["post-1007584","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1007584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1007584"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1007584\/revisions"}],"predecessor-version":[{"id":1007611,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1007584\/revisions\/1007611"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1007584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1007584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1007584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}