Prime Focus Limited has informed the Exchange about update on appellate proceedings before the Hon ble NCLAT in Comp. App. (AT) (Ins.) No. 850 of 2026-compliance with deposit direction.
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Prime Focus Limited has informed exchanges that it has complied with a deposit direction issued by the Hon'ble NCLAT in an appellate matter (Comp. App. (AT) (Ins.) No. 850 of 2026). The company deposited Rs. 353.79 crore in an interest-bearing account with the Registrar, NCLAT, New Delhi before the May 20, 2026 deadline. This deposit was part of an earlier NCLAT order that stayed an impugned order passed by NCLT Mumbai Bench on May 6, 2026. The Interim Resolution Professional has been barred from taking further steps based on the stayed NCLT order.
The company has avoided a potential enforcement action by complying with the court deposit requirement on time. The stay on the NCLT order provides temporary relief from any adverse insolvency proceedings, but the ongoing appellate matter creates uncertainty about the final outcome.