NCLAT Orders Continue Stay on Corporate Insolvency Resolution Process for The Hi-Tech Gears Ltd
The Hi-Tech Gears Ltd received updates regarding its Corporate Insolvency Resolution Process (CIRP) from the National Company Law Appellate Tribunal (NCLAT). The tribunal issued directives related to the continuation of an interim stay, outlining the revised schedule for hearing the matter.The updates follow an initial order dated February 18, 2026, which had addressed the continuation of the interim stay on the CIRP process and fixed the subsequent hearing for April 20, 2026.
In a statement regarding the proceedings, the company reported that the NCLAT was unable to hear the matter on the scheduled date of April 20, 2026, citing paucity of time. Consequently, the tribunal fixed the next date of hearing for July 10, 2026.
Crucially, the Hon'ble NCLAT also directed the continuation of the interim stay on the CIRP process, which had originally been granted through an Order dated September 03, 2024.
The latest order from the NCLAT, issued in the matter concerning Company Appeal (AT) (Insolvency) No. 1734 of 2024 & I.A. No. 2735 of 2025, confirmed the revised schedule. The ruling stated that the appeal was listed to be heard on July 10, 2026, with an interim order to continue.
HITECHGEAR Stock Price Movement
The Hi-Tech Gears Limited shares climbed today, closing at ₹635.00 after gaining 0.48%. Trading saw a total volume of 1,152 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.