The Hi-Tech Gears Ltd Receives NCLAT Order on CIRP Process, Confirms Stay Continuation
The Hi-Tech Gears Ltd provided an update regarding the status of its Corporate Insolvency Resolution Process (CIRP) after a hearing before the National Company Law Appellate Tribunal (NCLAT).The update confirmed the continuation of the interim STAY on the CIRP process, which was originally granted vide the NCLAT Order dated September 03, 2024.
The NCLAT previously addressed the company in an order dated April 20, 2026, concerning the continuation of the interim STAY on the CIRP process.
Due to a lack of time, the NCLAT was unable to hear the matter on the initially scheduled date of August 17, 2026. Consequently, the NCLAT set the next date of hearing for September 25, 2026.
The company confirmed that the Hon'ble NCLAT Order was issued, providing further details on the ongoing resolution process.
HITECHGEAR Stock Price Movement
Shares of The Hi-Tech Gears Limited shed 1.15% in trading today, settling at ₹540.00 after a decline of ₹6.30. The stock saw total traded volume of 923 shares during the session.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.
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