Prime Focus has moved the National Company Law Appellate Tribunal (NCLAT) seeking urgent relief after the National Company Law Tribunal (NCLT), Mumbai Bench, orally pronounced admission of an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Reliance Alpha Services Private Limited. In a regulatory filing to BSE and NSE…
Prime Focus Ltd, part of the media & entertainment industry, on Thursday informed exchanges that the National Company Law Tribunal (NCLT), Mumbai Bench, admitted a petition filed by Reliance Alpha Services Pvt Ltd, alleging debt of around Rs 353.79 crore. “Pursuant to Regulation 30 read with Schedule III, Part A of the SEBI (Listing Obligations…
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a petition against Prime Focus Limited under Section 7 of the Insolvency and Bankruptcy Code over an alleged financial debt of ₹353.79 crore, according to a company filing. The petition was filed by Reliance Alpha Services Private Limited, which has claimed the debt, including interest,…
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