Prime Focus: NCLAT Stays CIRP Order, Directs ₹353.79 Cr Deposit by May 20
NCLAT has stayed the CIRP order against Prime Focus Limited. The company must deposit ₹353.79 crore by May 20, 2026. The next hearing is scheduled for July 9, 2026. The company asserts solvency with 12,000 employees and significant assets.
The outcome of the NCLAT proceedings directly impacts the company's operational status and financial health, given the significant amount involved and the potential for insolvency proceedings.
While the stay on the NCLT order is positive, the requirement to deposit a substantial amount (₹353.79 crore) introduces financial pressure and uncertainty. The situation is still under litigation and requires further resolution.
Prime Focus Limited has received a significant update regarding the Corporate Insolvency Resolution Process (CIRP). In continuation of previous disclosures, the company announced on May 12, 2026, that the National Company Law Appellate Tribunal (NCLAT) heard an appeal concerning an order from the National Company Law Tribunal (NCLT) dated May 6, 2026.
During the hearing, it was submitted that Prime Focus Limited is a solvent company with 12,000 employees, possessing adequate liquidity and assets exceeding the disputed amounts. The company expressed willingness to deposit the entire Part IV amount in an interest-bearing account.
Consequently, the Hon'ble NCLAT has stayed the impugned NCLT order dated May 6, 2026, and directed the Interim Resolution Professional not to take further steps. Crucially, Prime Focus Limited is required to deposit ₹353,79,74,505 (Rupees Three Hundred Fifty-Three Crores Seventy-Nine Lakhs Seventy-Four Thousand Five Hundred and Five) in an interest-bearing account with the Registrar, NCLAT, on or before May 20, 2026.
The matter has been listed for further hearing on July 9, 2026.
What to do with a filing like this
Prime Focus Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Prime Focus Limited. Read the original for the full detail.