StockWatch
·
Auto Components & Equipments
Legal29 Sept 2026, 05:30 pm

Hi-Tech Gears: CIRP Stay Continues, Next Hearing Oct 5

AI Summary

The Hi-Tech Gears Ltd has provided an update on its Corporate Insolvency Resolution Process (CIRP). The National Company Law Appellate Tribunal (NCLAT) heard the matter on September 25th, 2026. The NCLAT granted the appellant's request for an adjournment and has scheduled the next hearing for October 5th, 2026. Crucially, the interim stay on the CIRP process, initially granted on September 3rd, 2024, has been extended until the next hearing. The case involves Naveen Jain as the appellant and Happy Forgings Ltd & Anr as respondents.

Key Highlights

  • CIRP stay order extended by NCLAT.
  • Next hearing scheduled for October 5th, 2026.
  • Adjournment granted on appellant's request.
  • Interim stay on CIRP continues.
  • Legal proceedings related to insolvency ongoing.