NEW DELHI: Shares of Embassy Developments have resumed regular trading on the BSE and NSE after the National Company Law Appellate Tribunal (NCLAT) revoked the insolvency proceedings against the company.
The appellate tribunal’s decision, made on May 4, 2026, nullifies the Corporate Insolvency Resolution Process (CIRP) previously initiated by the National Company Law Tribunal (NCLT) in December 2025. Consequently, all instructions associated with the CIRP are now void.
Embassy Developments stated that its business operations and project execution continued without disruption during this time.
The company reported pre-sales of approximately ₹4,631 crore for FY26, reflecting a 128% year-over-year growth. In the January-March quarter alone, bookings reached around ₹2,632 crore, representing its highest quarterly performance to date.
Collections for the fiscal year amounted to about ₹1,721 crore.
Recent project launches in Mumbai and Bengaluru have bolstered sales momentum, and the company has received regulatory approvals for upcoming phases of projects expected to launch shortly.
The tribunal’s ruling clarifies the situation for stakeholders and lifts regulatory restrictions on trading the company’s shares.
