Tagged “embassy”

NCLAT closes the Embassy Developments insolvency: a clean reversal at the principal bench

On 4 May 2026, the NCLAT Principal Bench set aside an NCLT order from December 2025 that had admitted Embassy Developments Limited into CIRP — and closed the insolvency proceedings in their entirety. A digest of the disposal, the institutional posture it signals, and what it means for promoters fighting Section 7 / Section 9 admission at the threshold.