Embassy Developments: Stayed NCLT Order, NCLAT Hearing on April 10, 2026

Embassy Developments Ltd. provides an update on the proceedings before the Hon'ble National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The NCLAT hearing took place on March 19, 2026, where the Respondents were granted an adjournment with a warning that no further adjournment would be allowed. The matter is now listed for submissions and further proceedings on April 10, 2026. The impugned NCLT order admitting the Corporate Insolvency Resolution Process (CIRP) remains stayed, rendering it inoperative and halting all related proceedings. The Company assures that it remains fully operational and financially sound.