The Hi-Tech Gears Limited has informed the Exchange about Corporate Insolvency Resolution Process
HITECHGEAR · price
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The Hi-Tech Gears Limited informed exchanges that the National Company Law Appellate Tribunal (NCLAT) could not hear its appeal on February 18, 2026, due to lack of time, and has rescheduled the next hearing to April 20, 2026. The interim stay on the Corporate Insolvency Resolution Process (CIRP), originally granted by NCLAT on September 3, 2024, has been directed to continue. The underlying appeal was filed by the Company's Secretary/Shareholder against Happy Forgings Ltd. and others. This means the insolvency proceedings against the company remain on hold pending the next hearing.
For shareholders, this is a temporary reprieve — the insolvency process stays paused, but uncertainty remains until the April 20, 2026 hearing. The stock may remain volatile as the market watches for any developments in the case.