Intimation under Regulation 30 of SEBI LODR Regulations-Update on proceedings before the Hon'ble National Company Law Appellate Tribunal, Principal Bench, New Delhi.
EMBDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Embassy Developments Limited informed exchanges about the March 19, 2026 hearing at the NCLAT regarding its ongoing case. The Respondent (other side) sought an adjournment, which was granted, but the tribunal warned that no further adjournments would be allowed. The next hearing is scheduled for April 10, 2026 for the Respondent's submissions. Importantly, the NCLT's earlier order admitting the company into Corporate Insolvency Resolution Process (CIRP) continues to remain stayed by the NCLAT, making it inoperative. The company also reaffirmed that it remains fully operational and financially sound.
Positive for shareholders — the insolvency-triggering order against the company remains inoperative and all related proceedings are stayed, so business operations continue unaffected. Investors should watch the April 10, 2026 hearing, as the tribunal's refusal to grant further adjournments signals the matter will now progress to substantive arguments.