The Hon''ble NCLAT has today pronounced its order in favour of the Company, allowing its appeal, and accordingly: (i) The Hon''ble NCLAT has set aside the impugned order dated 9 December ....
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The Hon'ble NCLAT has pronounced an order in favour of Embassy Developments Ltd, setting aside an earlier NCLT order dated December 9, 2025 that had admitted Corporate Insolvency Resolution Process (CIRP) against the Company under the IBC. The CIRP initiated against the Company now stands quashed and closed, with all directions from the NCLT order terminated and disposed of. The interim protection granted earlier by NCLAT has been subsumed into this final order. The Company states it is no longer subject to insolvency proceedings and remains financially sound and operational in the normal course with no impact on business operations. The formal order is awaited but being disclosed in the interest of stakeholders.
This is a significant positive development - the insolvency threat that was admitted against the Company has been completely overturned on appeal, removing a major overhang for shareholders and removing the Company from IBC proceedings.