Legal20 Aug 2026, 01:11 pm
Hi-Tech Gears: NCLAT Hearing on CIRP Extended to Sep 25
AI Summary
The Hi-Tech Gears Ltd has informed the stock exchange about an update regarding the Corporate Insolvency Resolution Process (CIRP). The National Company Law Appellate Tribunal (NCLAT) could not hear the matter on August 17, 2026, due to time constraints. The next hearing has been scheduled for September 25, 2026. Importantly, the NCLAT has directed the continuation of the interim stay on the CIRP process, which was initially granted on September 03, 2024. This extension provides a temporary reprieve for the company amidst the ongoing insolvency proceedings.
Key Highlights
- NCLAT hearing on CIRP postponed to September 25, 2026.
- Interim stay on CIRP process continues as per NCLAT order.
- The company is involved in an insolvency resolution process.
- Legal proceedings are ongoing before the NCLAT.
Price Impact
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