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( As on 04/05/2026 11:45)

Embassy Developments - Corporate Insolvency Resolution Process

The Hon ble NCLAT has, today i.e. May 4, 2026, 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 December 9, 2025, passed by the Hon ble National Company Law Tribunal, New Delhi Bench ( NCLT ), which had admitted the Corporate Insolvency Resolution Process ( CIRP ) against the Company under the Insolvency and Bankruptcy Code, 2016 ( IBC );(ii) The interim protection granted earlier by the Hon ble NCLAT stands subsumed into the final order;(iii) The CIRP initiated against the Company stands quashed and closed; and(iv) All directions arising pursuant to the said NCLT order stand terminated and disposed of.In view of the above, the Company is no longer subject to CIRP and stands relieved from the insolvency proceedings.For more details, please refer attachment.