NCLAT continues interim stay on Hi-Tech Gears insolvency process

Court Stay ObtainedNclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

HITECHGEAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹640.00

prior close

₹639.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.7% vs market

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.9

15m

+0.9

30m

-3.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-3.0-0.3-2.7

Next day

-4.4-1.5-2.8

-9.1-1.5-7.5

-9.1-0.2-8.8

-12.0-0.5-11.5

-12.2-3.2-8.9

-11.3-2.2-9.1

15d

-20.6-9.5-11.2

-21.9pendingpending

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLAT has continued the interim stay on the Corporate Insolvency Resolution Process (CIRP) against Hi-Tech Gears. The appellant sought adjournment, which was granted. Next hearing is fixed for October 5, 2026, for consideration of the stay vacation application. The original stay was granted on September 3, 2024.

Likely market impact

Insolvency process remains on hold for now. Next hearing on Oct 5, 2026 will be critical for shareholders and creditors.