PRISM’s IPO filing mentions Zostel case, CCI investigation

PRISM, in its UDRHP-I filing with Sebi for a proposed IPO, disclosed two key legal risks: an ongoing dispute with Zostel Hospitality where it could be required to issue or transfer up to seven per cent of its shareholding if it loses the appeal, and a Rs 168.8 crore CCI penalty for alleged anti-competitive conduct alongside MakeMyTrip and Ibibo Group. The company has filed appeals in both matters, with the Zostel case pending at the Delhi High Court Division Bench and the CCI penalty appeal admitted by NCLAT. PRISM stated there are no immediately enforceable obligations currently and noted potential recourse to the Supreme Court if the NCLAT appeal is dismissed.