# Phantom Studios India Pvt. Ltd. vs. Eros International Media Ltd.

> NCLAT judgment dated 2026-09-30. Citation: TCN-2026-NCLAT-00286. This is an appeal preferred by Phantom Studios India Pvt. Ltd., identified as an Operational…

- **Court:** NCLAT
- **Order date:** 30 Sept 2026
- **Citation:** TCN-2026-NCLAT-00286
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/phantom-studios-india-pvt-ltd-vs-eros-international-med-0abg6

## Summary

### Background

This is an appeal preferred by Phantom Studios India Pvt. Ltd., identified as an Operational Creditor, against the dismissal of its application by the learned Adjudicating Authority. The matter was listed before the National Company Law Appellate Tribunal (NCLAT).

## Facts

Phantom Studios India Pvt. Ltd. is the Appellant in this case.

Eros International Media Ltd. is the Respondent.

The Appellant, Phantom Studios India Pvt. Ltd., is identified as an Operational Creditor.

The Operational Creditor's application was dismissed by the learned Adjudicating Authority, leading to this appeal.

No one was present for the Appellant during the hearing on September 30, 2026.

The appeal is filed before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi.

## Issues and analysis

### Issue 1: Whether notice should be issued to …

**Ratio:** Issuing notice to the respondent is a fundamental procedural requirement in appellate

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**Reasoning:** The court needs to formally inform the Respondent about the appeal filed against them and

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**Interpretation:** The direction to 'Issue notice to the Respondent' signifies adherence to due

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**Application:** The NCLAT applied this principle by directing that notice be issued to Eros

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## Parties

- **Judges:** Mohammad Faiz…; Naresh Sa…
- **Appellants:** Phantom Studios…
- **Respondents:** Eros International…

## Timeline

- **2026-09-30 — Hearing and Ord…**: The NCLAT heard the appeal, noted the absence of the Appellant, and issued an order…
- **2026-11-17 — Next Listing for…**: The appeal is scheduled to be listed for admission after notice has been served to the…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/phantom-studios-india-pvt-ltd-vs-eros-international-med-0abg6