NCLAT Terminates Insolvency Proceedings Against Embassy Development: Key Insights, ETRealty
NEW DELHI: Appellate tribunal NCLAT has set aside an NCLT order that allowed insolvency proceedings against realty firm Embassy Development. The Delhi bench of the National Company Law Tribunal (NCLT), in December 2025, directed the initiation of insolvency proceedings against the realty firm over a plea filed by Canara Bank. The bank had alleged that…

