NSEGeneral Updates11 Jul 2026 · 11 Jul 2026, 05:22 pm
General Updates
Prime Focus Limited · PFOCUS
✦ AI SummaryInsolvency
Prime Focus Limited has informed the Exchange about the closure of the Corporate Insolvency Resolution Process (CIRP) and discharge of the Interim Resolution Professional (IRP) after the Hon'ble NCLAT allowed the appeal and set aside the admission order.
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Full Announcement
Prime Focus Limited has informed the Exchange about Closure of Corporate Insolvency Resolution Process ("CIRP") and discharge of the Interim Resolution Professional ("IRP") pursuant to the oral pronouncement of the Hon'ble NCLAT dated July 10, 2026, in Comp. App. (AT) (Ins.) No. 850 of 2026
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PFOCUS_11072026172156_Reg_30_CIRP_Closure.pdf
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July 11, 2026
To, To,
BSE Limited
National Stock Exchange of India Limited Listing Department,
Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street,
Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001
Bandra East, Mumbai – 400 051 Fax Nos.: 22723121/2037/2039
Fax Nos.: 26598237 / 26598238
Ref: Scrip Code: BSE: 532748 / NSE: PFOCUS
Re: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, as amended ("LODR Regulations")
Sub: Closure of Corporate Insolvency Resolution Process ("CIRP") and discharge of the Interim
Resolution Professional ("IRP") pursuant to the oral pronouncement of the Hon'ble NCLAT dated July 10,
2026, in Comp. App. (AT) (Ins.) No. 850 of 2026
Dear Sir/Madam,
This is in continuation of our disclosures dated May 7, 2026, May 8, 2026, May 11, 2026, May 12, 2026,
May 20, 2026, and May 27, 2026.
We wish to inform the Exchanges that Company Appeal (AT) (Insolvency) No. 850 of 2026 was listed
before the Hon’ble National Company Law Appellate Tribunal, Principal Bench, New Delhi (“NCLAT”)
on July 9, 2026, and July 10, 2026.
At the hearing on July 9, 2026, the Hon’ble NCLAT was informed that no claims had been received after
the public notice issued in relation to the CIRP of the Company and directed the IRP to file an affidavit
confirming the same.
At the hearing on July 10, 2026, the Hon’ble NCLAT was informed that the IRP had filed an affidavit
confirming that no claims were received. The Hon’ble NCLAT was also informed that the relevant parties
have discussed and arrived at a conditional understanding for inter alia resolving their disputes.
Based on the oral proceedings before the Hon’ble NCLAT on July 10, 2026, and subject to the written
order, we are pleased to inform that the Hon’ble NCLAT has allowed the appeal, set aside the admission
order dated May 6, 2026, passed by the Hon’ble National Company Law Tribunal, Mumbai Bench, closed
the CIRP against the Company and discharged the IRP. The Hon’ble NCLAT has also directed release of
the lien over the fixed deposit created in favour of the Registrar, NCLAT, with payments to be made in
terms of the agreement between the parties.
Accordingly, as per the above, the CIRP against the Company stands closed, the moratorium under Section
14 of the Insolvency and Bankruptcy Code, 2016 stands lifted, and the powers of the Board of Directors of
the Company stand fully restored. The Company continues to operate in the ordinary course.
The copy of the order is awaited and will be disclosed when the same is made available.
Thanking you,
For Prime Focus Limited
Parina Shah
Company Secretary and Compliance Officer