Haunted – Echoes Of The Past Release Faces Legal Block as NCLT Status Quo Order Triggers Industry-Wide Caution Notice Against Vikram Bhatt Film

A public notice has placed the June 12, 2026 release of "Haunted – Echoes Of The Past" in serious jeopardy, with the Resolution Professional of Hare Krishna Media Tech Pvt. Ltd. issuing an explicit warning to the Indian film trade against any commercial dealings with the upcoming horror film. The notice, published in the May 9, 2026 issue of Complete Cinema magazine, cautions distributors, exhibitors, streaming platforms, and other industry stakeholders against proceeding with the film's release, distribution, exhibition, streaming, promotion, or any form of commercial exploitation.

The legal action originates from proceedings before the National Company Law Tribunal (NCLT) Mumbai Bench, where CA Bharati Manoj Daga, serving as Resolution Professional, has initiated proceedings against Vikram Bhatt and others. Corporate records from Zauba Corp reveal the closely held nature of the production company: Vikram Bhatt and his daughter Krishna Bhatt serve as directors of Hare Krishna Media Tech Pvt. Ltd., while his wife Shwetambari Bhatt is listed as an additional director. The NCLT's status quo order effectively freezes the company's operations, raising fundamental questions about who holds the legal authority to authorize the film's commercial exploitation.

The notice creates significant exposure for any industry participant who proceeds with the film's release or monetization. With the insolvency proceedings ongoing and the Resolution Professional asserting statutory control over the company's assets, the situation presents a standoff between the creative team's commercial timeline and the tribunal's authority. The involvement of multiple family members in the company's governance structure adds complexity to what has become a potential flashpoint for how insolvency law intersects with entertainment industry contracts and distribution agreements.