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 informed exchanges that the NCLAT hearing on March 13, 2026 saw the Company's Senior Counsels complete their arguments in the matter challenging the NCLT's order admitting Corporate Insolvency Resolution Process (CIRP). The Respondents' counsel sought additional time, so the matter has been adjourned to March 19, 2026 for further proceedings. The formal order recording the adjournment is awaited. Importantly, the Company confirmed that the NCLT's CIRP admission order continues to remain stayed by the NCLAT, making it presently inoperative. The Company reiterated that it remains fully operational and financially sound.
Positive for shareholders — the insolvency admission against the Company remains stayed, and the Company's side has finished arguing its case. Investors should watch the March 19, 2026 hearing closely as the next key date in this matter.