Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) - Update on proceedings before the Hon'ble National Company Law Appellate Tribunal, New Delhi
EMBDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Embassy Developments (scrip code 532832) informed exchanges that its case was heard at NCLAT on April 17, 2026, where the respondent's counsel began arguments and sought an adjournment for further submissions. NCLAT granted the accommodation and the matter is listed again on April 24, 2026. The company clarified that the NCLT order admitting the Corporate Insolvency Resolution Process (CIRP) continues to remain stayed by NCLAT, meaning the insolvency order is presently inoperative. The company stated it remains fully operational and financially sound.
The ongoing stay means the insolvency admission has no current legal effect, which is positive for shareholders as operations continue uninterrupted. The next hearing on April 24 will determine whether the stay is maintained or the CIRP proceedings resume.