HITECHGEARThe Hi-Tech Gears Ltd
Hi-Tech Gears says NCLAT has kept the stay on its insolvency process and set the next hearing for 6 Nov
- Legal
The Hi-Tech Gears Limited has told the exchanges that the National Company Law Appellate Tribunal (NCLAT), New Delhi, could not hear its matter on the Corporate Insolvency Resolution Process (CIRP) on 7 Oct 2026 because of paucity of time. The next hearing is fixed for 6 Nov 2026, and the tribunal has directed that the interim stay on the CIRP continues.
The stay was first granted by an order dated 3 Sep 2024. The company's filing is dated 13 Oct 2026, the day the NCLAT order was uploaded on the tribunal's website, and it follows the company's earlier intimation of 6 Oct 2026.
The order is listed under Company Appeal (AT) (Ins) No. 1734 of 2024, in which Naveen Jain, described as a company secretary and shareholder of Hi-Tech Gears, is the appellant, with Happy Forgings Ltd and another as respondents. The filing does not describe the underlying dispute and gives no financial figures.
Inference
The filing shows no change in position: the interim stay stays in force, and the appeal is due to be taken up again on 6 Nov 2026. Until then, the stay means the insolvency process the appeal concerns does not move forward.
The outcome of the appeal is not known, and the company has not said what financial effect, if any, it expects. Shareholders who follow the company may want to watch the 6 Nov 2026 hearing and any further disclosure the company makes after it.
Reference: Original filing (PDF)
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