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.
Awaiting price reaction for this filing.
Embassy Developments informed exchanges that the NCLAT heard the company's arguments on February 27, 2026, in its appeal against the NCLT order that allegedly admitted Corporate Insolvency Resolution Process (CIRP) against the company. The matter has been kept part-heard and is next listed on March 13, 2026, for continuation of arguments. Importantly, the NCLAT's stay on the NCLT insolvency order continues to remain in effect, keeping the insolvency admission inoperative. The company reiterated that it remains fully operational and financially sound.
Positive for shareholders — the insolvency admission order remains stayed, so no CIRP has been triggered against the company. However, the legal overhang persists until the NCLAT delivers a final ruling on March 13, meaning the stock may still see volatility tied to hearing outcomes.