prime focus has announced that it has successfully complied with the deposit direction issued by the Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi. The company submitted the required amount to the Registrar, NCLAT, New Delhi, prior to the stipulated deadline of May 20, 2026.

This disclosure follows the company's previous regulatory filings dated May 7, May 8, May 11, and May 12, 2026. The order in question, passed by the NCLAT on May 12, 2026, had stayed an impugned order dated May 6, 2026, passed by the National Company Law Tribunal, Mumbai Bench. Additionally, the order restrained the Interim Resolution Professional from taking further steps regarding the earlier order.

Compliance Details

As part of the compliance with the NCLAT order, the company was required to deposit a specific sum in an interest-bearing account. The company has confirmed that this financial obligation has been met.

The deposit of Rs 353,79,74,505 (Rupees Three Hundred Fifty-Three Crores Seventy-Nine Lakhs Seventy-Four Thousand Five Hundred and Five) was directed to be made as part of the appellate proceedings in Comp. App. (AT) (Ins.) No. 850 of 2026. The confirmation of compliance was disclosed to the exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Prime Focus Limited has announced that the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has stayed the order dated May 6, 2026, passed by the National Company Law Tribunal (NCLT), Mumbai Bench. The NCLAT order, passed on May 12, 2026, directs the company to deposit an amount of Rs. 353,79,74,505 in an interest-bearing account with the Registrar, NCLAT, on or before May 20, 2026. The tribunal has also restrained the Interim Resolution Professional (IRP) from taking any further steps in pursuance of the impugned NCLT order. The matter has been listed for further hearing on July 9, 2026.

Key NCLAT Directions

During the hearing on May 12, 2026, the appellant submitted that the company is solvent with 12,000 employees and possesses assets exceeding the disputed amount. The counsel expressed willingness to deposit the entire amount. Based on these submissions, the Hon'ble NCLAT passed the following directions:

The tribunal granted liberty to the parties to apply for vacation of the interim order if the amount is not deposited within the specified timeframe.

Background of the Dispute

The insolvency proceedings stem from a petition filed by Reliance Alpha Services Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The NCLT, Mumbai Bench, had admitted the petition regarding an alleged financial debt of Rs. 353,79,74,505, comprising a principal amount of Rs. 200 crores plus interest. The tribunal had appointed NPV Insolvency Professionals Private Limited as the IRP. Prime Focus had contested the petition, arguing that no amount was disbursed directly under the Loan Agreement and that the obligation was contingent on the transfer of business assets, which remains a subject of a pending commercial suit before the Bombay High Court.

Operational Status

Prime Focus has reiterated that its business operations remain unaffected and continue in the ordinary course. The company stated that its global VFX and post-production operations are fully functional, and all stakeholders are being serviced as usual. The company is committed to protecting the interests of shareholders, employees, customers, and lenders.