NCLAT Continues Interim Stay on CIRP; Next Hearing on October 5, 2026

NCLAT heard the insolvency appeal on September 25, 2026 and adjourned it.

Tue 29 Sep 2026

Appeal Number

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

Interim Stay Granted Date

September 03, 2024

NCLAT Hearing Date

September 25, 2026

Next Hearing Date

October 05, 2026

Status

Interim STAY on CIRP continues till next hearing

What was shared

The company informed the exchanges about an NCLAT order dated September 25, 2026, in Company Appeal (AT) (Ins) No. 1734 of 2024 along with I.A. No. 2735 of 2025. The appellant is a Company Secretary / shareholder of the company; the respondents are Happy Forgings Ltd. and the Resolution Professional.

What the tribunal said

• The appellant's senior counsel sought an adjournment due to pre-engagements; the respondent opposed it, pointing out that an interim order is operating and a stay-vacation application is pending.
• The NCLAT accommodated the adjournment request.
• The matter is directed to be listed on 05.10.2026 for consideration of the stay vacation application.
• The interim order to continue till the next date of listing.

Context

The interim STAY on the Corporate Insolvency Resolution Process was granted by the NCLAT vide its order dated September 03, 2024, and its continuation has now been directed again. This follows the company's earlier intimation dated August 20, 2026 on the same subject.

What it means for investors

The insolvency proceedings against the company remain paused while the appeal is pending. No final ruling has been delivered on the merits. The immediate item to watch is the October 05, 2026 hearing, where the tribunal will take up the respondent's request to vacate the stay. If the stay were to be vacated, the CIRP could resume; if it continues, the pause extends further.

The order was uploaded on the NCLAT website on September 29, 2026 and the company has placed a copy on record with BSE and NSE.

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