Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 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 (formerly Indiabulls Real Estate Limited) has informed exchanges that proceedings before the Hon'ble NCLAT (Principal Bench, Delhi) concluded on April 24, 2026. The Tribunal reserved its order and has allowed both parties to file short written submissions within one week. The formal written order is awaited. Critically, the company states that the NCLT order admitting the Corporate Insolvency Resolution Process (CIRP) remains stayed by NCLAT, is presently inoperative, and all related proceedings continue to be stayed. The company affirms it remains fully operational and financially sound.
The stay on the NCLT's CIRP admission is a significant relief for shareholders — the company is not currently subject to insolvency proceedings. The reserved NCLAT order will be the next key risk or trigger point.