The National Company Law Appellate Tribunal (NCLAT) hearing for Hi-Tech Gears Ltd., scheduled for February 18, 2026, could not proceed as planned due to time constraints.
The interim stay on the company’s Corporate Insolvency Resolution Process (CIRP) has been ordered to continue, providing a temporary reprieve.
Reader Takeaway: Stay continues, offering temporary reprieve; ongoing CIRP process fuels uncertainty.
What just happened (today’s filing)
The latest update from Hi-Tech Gears Ltd. reveals a procedural adjournment at the NCLAT.
The hearing, initially set for February 18, 2026, was postponed, pushing the next court date to April 20, 2026.
Crucially, the NCLAT has directed the continuation of the interim stay previously granted…