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 Ltd has informed exchanges that it has complied with an NCLAT deposit direction before the May 20, 2026 deadline. The company was required to deposit Rs. 353.8 crore (approximately Rs. 353,79,74,505) in an interest-bearing account with the Registrar, NCLAT, New Delhi. This deposit was part of an NCLAT order that stayed an impugned order passed by NCLT Mumbai Bench on May 6, 2026, and restricted the Interim Resolution Professional from taking further steps. This is an update to prior disclosures made on May 7, 8, 11, and 12, 2026.
The company has successfully met the NCLAT's deposit requirement, which appears to be part of efforts to challenge or stay an NCLT order. This suggests the company is actively contesting insolvency-related proceedings and has avoided immediate adverse action by complying with the tribunal's directions.