Prime Focus Limited has informed the Exchange about Update on appellate proceedings before the Hon ble NCLAT in Comp. App. (AT) (Ins.) No. 850 of 2026
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Prime Focus Limited has informed the exchanges about an update in an insolvency appeal (Comp. App. (AT) (Ins.) No. 850 of 2026) pending before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The appeal was heard on May 11, 2026, where NCLAT continued an interim order originally passed on May 8, 2026. This interim order directs the Interim Resolution Professional not to take any further steps pursuant to an impugned NCLT (National Company Law Tribunal) order. The matter has been adjourned to May 12, 2026, for further hearing. The appeal appears to involve a dispute related to insolvency proceedings, with Raspalfa Services Private Limited as a respondent.
The continuation of the NCLAT interim stay protects the company from any adverse actions under the impugned NCLT order while the appeal is pending. This provides temporary relief, though the outcome remains uncertain pending the next hearing on May 12, 2026.