
Legal13 Oct 2026, 04:50 pm
Hi-Tech Gears: CIRP Stay Extended, Next Hearing Nov 6
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) could not hear the matter on October 7, 2026, due to time constraints and has rescheduled the hearing for November 6, 2026. Importantly, the NCLAT has extended the interim stay on the CIRP process, which was initially granted on September 3, 2024. The company has attached the NCLAT's order dated October 13, 2026, for record.
Key Highlights
- NCLAT hearing rescheduled to November 6, 2026.
- Interim stay on CIRP process continues.
- Legal proceedings related to insolvency are ongoing.
- Company is providing regular updates on the legal process.
Price Impact
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