Embassy Developments Subsidiary Challenges KIADB Order in Karnataka High Court
Embassy Developments Ltd. announced on March 27, 2026, that its subsidiary, Embassy East Business Park Limited (EEBPL), has filed a writ petition with the Hon'ble High Court of Karnataka challenging an order issued by the Karnataka Industrial Areas Development Board (KIADB). The order pertains to approximately 78 acres of land located in the Kadugodi Industrial Area, Bengaluru Urban District.The legal action follows a previous intimation issued on March 18, 2026, concerning the KIADB Order. EEBPL initiated the petition to protect the interests of stakeholders, including public shareholders.
During a hearing on March 26, 2026, counsel for KIADB requested time. Subsequently, counsel for EEBPL received assurance that KIADB and concerned authorities will refrain from taking further steps related to the KIADB Order until the next hearing on April 8, 2026.
The formal order from the Hon'ble High Court of Karnataka is still pending. Embassy Developments Ltd. disseminated this update in line with its commitment to corporate governance and transparent disclosures.
Vikas Khandelwal, Company Secretary, confirmed the development. Embassy Developments Ltd. was formerly known as Equinox India Developments Limited and Indiabulls Real Estate Limited.
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