Embassy Developments Limited has announced an update regarding the Corporate Insolvency Resolution Process. Canara Bank has filed an appeal with the Hon’ble Supreme Court of India against a previous order dated May 4, 2026, which favored the company. The matter is scheduled for a hearing on September 24, 2026. No interim orders or stays have been granted, and the previous order remains in force.
Supreme Court Hearing Scheduled for Insolvency Appeal
Embassy Developments Limited has provided an update on proceedings related to its Corporate Insolvency Resolution Process. The company confirmed that Canara Bank has initiated an appeal before the Hon’ble Supreme Court of India. This appeal is in response to an order passed on May 4,…