
Legal31 Aug 2026, 10:30 pm
Embassy Developments: Canara Bank appeals NCLAT order at Supreme Court
AI Summary
Embassy Developments Ltd has announced that Canara Bank has filed an appeal with the Hon'ble Supreme Court of India against a prior order dated May 4, 2026, issued by the Hon'ble NCLAT in favor of Embassy Developments. The company notes that no interim relief has been granted to Canara Bank, and the NCLAT order remains in force. The Supreme Court hearing is scheduled for September 24, 2026. Embassy Developments expresses confidence in its position and commitment to strong governance and stakeholder interests. The company does not anticipate any financial implications from this appeal.
Key Highlights
- Canara Bank appeals NCLAT order in favor of Embassy Developments.
- Supreme Court hearing scheduled for September 24, 2026.
- No interim relief granted to Canara Bank; NCLAT order remains in force.
- Embassy Developments confident in its stance and stakeholder protection.
- No expected financial implications for the company.
Price Impact
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