Canara Bank appeals to Supreme Court against NCLAT order favouring Embassy Developments

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.1%Reaction day

₹62.50

prior close

₹61.90

announcement price

After-mkt

timing

Nifty Microcap 250market-1.0%-4.2% vs market

Residential Commercial Projects peers, median of 65sector-0.5%-4.6% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 4.6 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.6

15m

-0.5

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.1-1.0-4.2-0.5-4.6

Next day

-5.1-1.5-3.5-1.0-4.0

-6.4-0.9-5.5-0.0-6.4

-7.8-0.3-7.6-0.2-7.6

-5.8+0.1-5.9-0.7-5.1

-7.4+0.7-8.1-0.8-6.6

-7.9+0.3-8.2-1.9-6.0

15d

-2.5+1.0-3.5-2.2-0.3

-10.4-2.4-8.0-4.5-5.9

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Canara Bank has appealed to the Supreme Court of India against the NCLAT order dated May 4, 2026, which was passed in favour of Embassy Developments in a Corporate Insolvency Resolution Process matter. No interim stay or relief has been granted against the NCLAT order, so it continues to remain in force. The matter is listed for hearing on September 24, 2026. The company says it is confident of its stand and does not expect any fresh financial implications from this matter.

Likely market impact

Favourable NCLAT order stays in force for now; upcoming Supreme Court hearing on September 24, 2026 may bring fresh uncertainty.