NCLAT continues interim stay on CIRP; next hearing on October 07, 2026

The Hi-Tech Gears has shared an update on its Corporate Insolvency Resolution Process.

Tue 6 Oct 2026

Next Hearing Date

October 07, 2026

Interim Stay Order Date

September 03, 2024

Appeal Number

Company Appeal (AT) (Insolvency) No. 1734 of 2024

Status of the appeal

The company has shared an update about an Order dated October 05, 2026 passed by the Hon'ble National Company Law Appellate Tribunal, New Delhi (NCLAT). The matter could not be taken up that day due to paucity of time.

Next date

The appeal is listed for hearing on October 07, 2026.

Interim stay continues

The NCLAT has directed the continuation of the interim STAY on the CIRP process, granted vide its Order dated September 03, 2024.

What this means in simple words

• CIRP stands for Corporate Insolvency Resolution Process, the legal route through which a company's insolvency is examined and resolved by the insolvency courts.
• An interim stay means the process is held in abeyance for the time being, while the appeal is pending before the appellate tribunal.
• As per this update, that stay holds, and the tribunal will take up the matter again on the next listed date.
• The company has said this intimation is in furtherance of its earlier intimation dated September 29, 2026 on the same subject.

Details from the order

• The proceedings are Company Appeal (AT) (Insolvency) No. 1734 of 2024 along with I.A. No. 2735 of 2025.
• The appellant is described as a Company Secretary / Shareholder of The Hi-Tech Gears Ltd.; the respondents are Happy Forgings Ltd. & Anr.
• The Interim Resolution Professional appeared in person before the tribunal.
• The order is signed by Member (Judicial) and Members (Technical) of the tribunal.

The position as on this update

• The CIRP process remains stayed, and no fresh development on the process itself is reported in this update.
• The immediate event to note is the hearing listed on October 07, 2026.

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