
Legal27 May 2026, 05:41 pm
Prime Focus: Supreme Court Dismisses Raspalfa Appeal
AI Summary
The Supreme Court dismissed Raspalfa Services Private Limited's appeal against an interim order by the NCLAT regarding Prime Focus. The NCLAT had stayed an NCLT order and directed the Interim Resolution Professional to halt further actions. The Supreme Court noted the NCLAT's interim order and advised parties to raise contentions before the NCLAT, which is scheduled to hear the main appeal on July 9, 2026. Raspalfa's application to vacate the NCLAT's interim order was dismissed.
Key Highlights
- Supreme Court dismissed Raspalfa Services' appeal against NCLAT interim order.
- NCLAT's order staying NCLT order remains in effect.
- Supreme Court advised parties to present contentions before NCLAT.
- NCLAT dismissed Raspalfa's application to vacate its interim order.
- NCLAT has scheduled the main appeal hearing for July 9, 2026.
Price Impact
More from PFOCUS