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The Economic Times

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NCLAT sets aside NCLT insolvency order against Embassy Developments

Embassy Developments has won a significant legal battle. The National Company Law Appellate Tribunal has cancelled an earlier order that placed the company into insolvency proceedings. This ruling brings an end to the corporate insolvency resolution process. The developer's operations and projects remain unaffected. This positive development follows strong financial performance, with substantial pre-sales reported for the fiscal year.

4 May 2026 4:47 pm