Exit from IBC classification and ASM Framework Restoration of normal trading in equity shares with effect from May 6, 2026. For more details, please refer attachment.
EMBDL · price
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The National Company Law Appellate Tribunal (NCLAT) passed a final order on May 4, 2026, allowing Embassy Developments' appeal and setting aside the NCLT order from December 9, 2025, which had admitted the Corporate Insolvency Resolution Process (CIRP) against the company under the Insolvency and Bankruptcy Code. The CIRP now stands quashed, and all consequential directions from the NCLT order are terminated. Following this development, BSE and NSE have issued circulars moving the company's equity shares out of the IBC classification and Additional Surveillance Measure (ASM) Framework. Normal trading in the equity shares will resume from May 6, 2026.
This is a positive development for shareholders as the insolvency proceedings have been fully quashed, and trading restrictions have been lifted. The stock will resume normal trading from May 6, 2026, removing the uncertainty surrounding the company's IBC classification.