NCLT admitted insolvency plea; NCLAT stays order, stock under surveillance

NCLT admitted insolvencyCourt stay obtainedRegulatory & Legal View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.7%Reaction day

₹68.93

prior close

₹68.35

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.4%-6.1% vs market

Residential Commercial Projects peers, median of 61sector+0.3%-5.0% vs sector

On the reaction day the stock moved 6.1 pts less than Nifty Microcap 250 and 5.0 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.1

15m

+0.2

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.7+1.4-6.1+0.3-5.0

Next day

-6.1+1.4-7.5+1.0-7.1

-10.1+0.9-11.0+0.4-10.5

-8.6+0.3-9.0+0.9-9.5

-8.6-0.4-8.2-0.2-8.4

-10.2-0.5-9.7-0.3-9.9

-13.0+1.1-14.1+0.7-13.6

15d

+4.7-2.5+7.3-2.8+7.6

-8.6-6.1-2.5-8.6+0.0

-12.3-2.8-9.4-9.3-3.0

-34.1-14.9-19.2-25.2-8.9

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Canara Bank filed an insolvency petition against Embassy Developments on June 9, 2025. NCLT admitted the petition on December 9, 2025, triggering Corporate Insolvency Resolution Process. NCLAT granted a stay on the NCLT order on December 11, 2025. Following the NCLT order, BSE and NSE placed the stock under Additional Surveillance Measure and shifted it to the BE segment (Trade-to-Trade settlement) from December 16, 2025. The company is asking exchanges to remove the stock from surveillance.

Likely market impact

NCLT insolvency admission was stayed by NCLAT, but stock remains under exchange surveillance, restricting trading flexibility.