Legal22 Apr 2026, 03:33 pm
Hi-Tech Gears: NCLAT Adjourns CIRP Hearing to July 10, Interim Stay Continues
AI Summary
The Hi-Tech Gears Ltd announced an update on its Corporate Insolvency Resolution Process (CIRP). The Hon'ble NCLAT could not hear the appeal on April 20, 2026, due to paucity of time. The next hearing date has been fixed for July 10, 2026. Crucially, the NCLAT directed the continuation of the interim stay on the CIRP process, which was initially granted on September 03, 2024. This update relates to an appeal filed by Naveen Jain against Happy Forgings Ltd. & Anr.
Key Highlights
- NCLAT hearing for CIRP appeal adjourned from April 20, 2026.
- Next hearing date for the appeal is now scheduled for July 10, 2026.
- Interim stay on the Corporate Insolvency Resolution Process continues.
- The stay was originally granted by NCLAT on September 03, 2024.
Price Impact
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