NEW DELHI: Embassy Developments’ shares have resumed normal trading on the BSE and NSE following the National Company Law Appellate Tribunal’s (NCLAT) order setting aside insolvency proceedings against the company.
With the appellate tribunal quashing the Corporate Insolvency Resolution Process (CIRP), the company has also exited the Additional Surveillance Measure (ASM) framework imposed earlier.
The NCLAT order, passed on May 4, 2026, overturns the National Company Law Tribunal’s (NCLT) December 2025 ruling that had admitted insolvency proceedings against the company. As a result, all directions related to the CIRP stand…