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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NCLAT (National Company Law Appellate Tribunal) 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 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 BSE and NSE circulars dated May 5, 2026, the company's equity shares are being moved out of both the IBC classification and the Additional Surveillance Measure (ASM) Framework. Normal trading will resume from May 6, 2026.
This is a major positive development for shareholders as the insolvency proceedings that threatened the company's future have been fully quashed. The stock will now trade freely without surveillance restrictions, which could restore investor confidence and improve liquidity.