Prime Focus complies with Rs 353 crore deposit order from NCLAT

Yash Agarwal — Wed, 20 May 2026 03:06:09 +0000

Prime Focus has successfully complied with a directive from the National Company Law Appellate Tribunal (NCLAT) to deposit ₹353,79,74,505 in an interest-bearing account by 20 May 2026. This compliance follows a series of disclosures made by the company earlier this month.

The NCLAT’s directive was part of an ongoing appellate proceeding, Comp. App. (AT) (Ins.) No. 850 of 2026, which involved an impugned order dated 6 May 2026 from the National Company Law Tribunal, Mumbai Bench. The tribunal had initially directed that the order be stayed and that the Interim Resolution Professional refrain from taking any further steps based on the impugned order.

The substantial deposit, amounting to over ₹353 crore, was mandated to be placed in an account with the Registrar of NCLAT, New Delhi. Prime Focus confirmed that this requirement was fulfilled ahead of the stipulated deadline.

This development is part of a broader legal context involving Prime Focus, as the company continues to navigate through complex legal proceedings. The compliance with the NCLAT order demonstrates the company’s commitment to adhering to judicial directives.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Parina Shah | Business Upturn

Prime Focus complies with Rs 353 crore deposit order from NCLAT