NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH COURT VI Item No. P1&P2 IA (I.B.C)/5178(MB)2023 a/w C.P. (IB)/845(MB)2023 CORAM:

SHRI SAMEER KAKAR SHRI NILESH SHARMA HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL)

ORDER SHEET OF HEARING (HYBRID) DATED 06.05.2026 NAME OF THE PARTIES: Reliance Alpha Services Private Limited V/s Prime Focus Limited Under Section 7 and 60(5) of the IBC.

ORDER

The case is fixed for pronouncement of the order. The order is pronounced in the open court, vide separate order. Detailed order is being uploaded on the NCLT portal today.

Sd/- Sd/-

NILESH SHARMA SAMEER KAKAR MEMBER (JUDICIAL) MEMBER (TECHNICAL)

IN THE NATIONAL COMPANY LAW TRIBUNAL, BENCH – VI, MUMBAI (An Application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016)

In the matter of M/s. Prime Focus Limited M/s Reliance Alpha Services Private Limited Having its registered office at Manek Mahal, 6th Floor 90 Veer Nariman Road Mumbai - 400 020 … Applicant/Financial Creditor VERSUS M/s. Prime Focus Limited Having Its Registered Office at Prime Focus House, Opposite Citi Bank Linking Road, Khar (West)

Mumbai – 400052 Corporate Office At True North, Plot No. 63, Road No. 13 Opposite Hotel Tunga Paradise MIDC, Andheri (East)

Mumbai – 400093 …Respondent/Corporate Debtor Order pronounced on 06.05.2026 CORAM:

SH. NILESH SHARMA, HON’BLE MEMBER (JUDICIAL)

SH. SAMEER KAKAR, HON’BLE MEMBER (TECHNICAL)

Appearance (Hybrid Mode):

In CP For Financial Creditor: Adv. Mr. Rohit Gupta a/w Adv. Mr. Ayaan Zariwalla &

Adv. Ms. Bhakti Chandan.

For Corporate Debtor: Adv. Mr. Tushar Hathiramani a/w Adv. Mr. Kale, Adv.

Ms. Shalvika Nachankar, Adv. Ms. Aditya Ojha, Adv.

Ms. Meenakshi Krishna i/b Naik Naik & Co.

In IA For Applicant/Corporate Debtor: Sr. Adv. Gaurav Joshi a/w Adv. Tushar Hathiramani, Adv. Abhishek Kale a/w. Adv. Shalvika Nachankar, Adv. Aditya Ojha, Adv.

Meenakshi Krishna i/b Naik Naik & Co.

For Respondent/Financial Creditor: Adv. Rohit Gupta a/w Adv. Ayaan Zariwalla & Adv. Bhakti Chandan.

O R D E R

PER: BENCH

1. This is an Application filed by Reliance Alpha Services Private Limited (hereinafter referred to as “Financial Creditor”) against M/s. Prime Focus Limited (hereinafter referred to as “Corporate Debtor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate the Corporate Insolvency Resolution Process (‘CIRP’) against the Corporate Debtor, to appoint IRP and to initiate moratorium.

2. From Part I of the Application, it is seen that this is an Application filed by Reliance Alpha Services Private Limited, a company incorporated under the Company’s Act having CIN No. U67120MH1993PTC218678 and Registered Office at Manek Mahal, 6th Floor, 90 Veer Nariman Road, Mumbai – 400020.

3. The Application was affirmed by Mr. Ganesh Atmaram Pawde duly authorised by a Board Resolution dated 19.07.2023.

4. The Respondent in the present Application is one Prime Focus Limited having CIN No. L92100MH1997PLC108981. The Respondent was incorporated on 24.06.1997 and Registered Office at Prime Focus House, Opposite Citi Bank, Linking Road, Khar (West), Mumbai – 400052 and Corporate Office at True North, Plot No. 63, Road No. 13, Opposite Hotel Tunga Paradise, MIDC, Andheri (East), Mumbai – 400093.

5. The Applicant has proposed the name of Mantrah Insolvency Professional Private Limited having Registration No. IBBI/IPE-0040/IPA-2/2022-23/50021 as the proposed IRP to be appointed by this Tribunal in case the Application is admitted.

6. Perusal of the Part-IV reveals that the total amount claimed in default is Rs.

353,79,74,505/- (Three Hundred and Fifty-Three Crores Seventy-Nine Lakhs Seventy-Four Thousand Five Hundred and Five Rupees).

7. The date of default is mentioned as 01.12.2021.

8. It is stated that a sum of Rs. 200,00,00,000/- (Two hundred Crores Rupees)

was disbursed by the Applicant to the Respondent between the period from March, 2015 to March, 2017. A