Embassy Developments' NCLT Order Stayed by NCLAT, Company Operational and Financially Sound

Embassy Developments Ltd. has updated on the proceedings before the Hon'ble National Company Law Appellate Tribunal (NCLAT) regarding an impugned order passed by the Hon'ble National Company Law Tribunal (NCLT). The NCLAT heard the submissions, treated the matter as part-heard, and listed it for further consideration on March 13, 2026. The impugned order admitting the Corporate Insolvency Resolution Process (CIRP) continues to remain stayed, making it inoperative with all proceedings stayed. The company confirms its operational and financial soundness.