Clarification24 Aug 2026, 12:04 pm
Hi-Tech Gears: NCLAT Continues Stay on CIRP Proceedings
AI Summary
The Hi-Tech Gears Ltd has provided a clarification regarding a previous order from the Hon'ble NCLAT concerning Corporate Insolvency Resolution Process (CIRP). The NCLAT could not hear the matter on August 17, 2026, and has rescheduled the next hearing for September 25, 2026. Crucially, the interim stay on the CIRP process, initially granted on September 03, 2024, has been continued by the NCLAT. The company has submitted the NCLAT's order, uploaded on August 20, 2026, to the stock exchange.
Key Highlights
- NCLAT hearing rescheduled to September 25, 2026.
- Interim stay on CIRP proceedings has been continued.
- Company has submitted the NCLAT order to the stock exchange.
- This clarification relates to an earlier order dated April 22, 2026.
Price Impact
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