Announced Tue, 14 Jul · 23:20 IST
NCLAT closes CIRP of Prime Focus, sets aside insolvency order
PFOCUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.3%1-day move
₹272.70
prior close
₹273.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.9-1.3-1.7+6.3+6.3+4.1+6.0+4.8+6.7————
Up moveDown movePending
AI summary
NCLAT has closed the Corporate Insolvency Resolution Process (CIRP) of Prime Focus Limited and set aside the insolvency order dated May 6, 2026. The company argued it is solvent with 12,000 employees and assets exceeding liabilities. No claims were received during the CIRP. Parties entered a Discharge Agreement on July 1, 2026. NCLAT also ordered withdrawal of lien on a fixed deposit of about Rs. 353.8 crores to be disbursed per the agreement.
Likely market impact
Big relief for shareholders: insolvency threat lifted, company restored as a going concern, and Rs. 353.8 crore deposit lien released per settlement.