Embassy Developments Shares Resume Normal Trading After NCLAT Quashes Insolvency Proceedings

New Delhi, May 6: Embassy Developments' shares have resumed normal trading on stock exchanges after the NCLAT set aside insolvency proceedings against the company. The firm has also exited the ASM framework.

NCLAT Order Details

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 terminated. The company said its business operations and project execution remained unaffected during the period.

Strong FY26 Performance

Embassy Developments reported pre-sales of around ₹4,631 crore in FY26, registering a 128% year-on-year increase. Quarterly bookings in the January-March period stood at about ₹2,632 crore, marking its highest-ever quarterly performance. Collections during the year were around ₹1,721 crore.

Growth Drivers and Outlook

Recent project launches in Mumbai and Bengaluru contributed to the sales momentum, while the company has also secured regulatory approvals for upcoming phases of projects expected to be launched in the near term. The tribunal's order provides clarity for stakeholders and removes regulatory restrictions on trading of the company's shares.