+
Karnataka High Court Sets Aside KIADB Resumption Order
ECONOMY & POLICY

Karnataka High Court Sets Aside KIADB Resumption Order

Embassy Developments Limited (EDL) said the Karnataka High Court set aside the Karnataka Industrial Areas Development Board (KIADB) order directing resumption of about 78 acres at Kadugodi Industrial Area, Bengaluru, held by Embassy East Business Park Limited (EEBPL), a wholly owned subsidiary. The KIADB resumption proceedings have been set aside and EEBPL remains in possession of the parcel. The company said the Kadugodi land is central to its East Bengaluru development plans.

The order enables EEBPL to progress development of its business park without the disruption implied by the earlier notice. The company said it will proceed with construction and leasing in line with approvals. No immediate alterations to capital allocation were indicated in the release.

The judgement follows a favourable order on four May 2026, when the National Company Law Appellate Tribunal (NCLAT) quashed insolvency proceedings against EDL. Together the rulings reduce legal uncertainty and allow management to focus on operations.

Managing director Aditya Virwani said the order affirmed EEBPL’s lawful rights and allows the company to continue development. He added that the firm remained committed to transparency, governance and compliance.

The formal signed copy of the Karnataka High Court order is awaited and the company has made disclosures as required by regulators. The company also reaffirmed that it will engage with stakeholders as matters progress and will comply with any further judicial or statutory directions while advancing project milestones.

Embassy Developments is one of India’s largest listed real estate developers, focusing on Bengaluru, the Mumbai Metropolitan Region and the National Capital Region, with a presence in Chennai and Indore. The company and its promoter, the Embassy Group, have delivered and manage more than 100 million (mn) sq. ft. of assets.

Embassy Developments Limited (EDL) said the Karnataka High Court set aside the Karnataka Industrial Areas Development Board (KIADB) order directing resumption of about 78 acres at Kadugodi Industrial Area, Bengaluru, held by Embassy East Business Park Limited (EEBPL), a wholly owned subsidiary. The KIADB resumption proceedings have been set aside and EEBPL remains in possession of the parcel. The company said the Kadugodi land is central to its East Bengaluru development plans. The order enables EEBPL to progress development of its business park without the disruption implied by the earlier notice. The company said it will proceed with construction and leasing in line with approvals. No immediate alterations to capital allocation were indicated in the release. The judgement follows a favourable order on four May 2026, when the National Company Law Appellate Tribunal (NCLAT) quashed insolvency proceedings against EDL. Together the rulings reduce legal uncertainty and allow management to focus on operations. Managing director Aditya Virwani said the order affirmed EEBPL’s lawful rights and allows the company to continue development. He added that the firm remained committed to transparency, governance and compliance. The formal signed copy of the Karnataka High Court order is awaited and the company has made disclosures as required by regulators. The company also reaffirmed that it will engage with stakeholders as matters progress and will comply with any further judicial or statutory directions while advancing project milestones. Embassy Developments is one of India’s largest listed real estate developers, focusing on Bengaluru, the Mumbai Metropolitan Region and the National Capital Region, with a presence in Chennai and Indore. The company and its promoter, the Embassy Group, have delivered and manage more than 100 million (mn) sq. ft. of assets.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code