NCLAT extends stay on CIRP; next hearing on July 10, 2026

Court stay obtainedRegulatory & 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

-1.4%Reaction day

₹635.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-1.2% vs market

On the reaction day the stock moved 1.2 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

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.4-0.2-1.2

Next day

-1.7-1.6-0.1

-4.5+0.7-5.2

-1.3+0.6-1.8

-3.9+0.6-4.5

-3.3+0.2-3.5

-5.8+1.6-7.4

15d

-7.4+0.7-8.1

-6.1+3.1-9.3

-7.7+9.7-17.4

-6.9+8.3-15.3

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

NCLAT could not hear the CIRP appeal on April 20, 2026 due to time constraints and has listed the next hearing for July 10, 2026. The tribunal also directed continuation of the interim stay on the Corporate Insolvency Resolution Process, originally granted in September 2024. The appeal was filed by the Company Secretary against Happy Forgings Ltd. & Anr.

Likely market impact

Positive for shareholders — stay on insolvency continues, buying more time. Uncertainty persists until July 2026 hearing.