Integrated Hi-Tech Withdraws NCLT Chennai Petition with Liberty to Refile
Integrated Hi-Tech Limited disclosed that NCLT Chennai dismissed its Company Petition No. CP(CA)/105/CHE/2025, filed under Section 66 of the Companies Act, 2013, as withdrawn with liberty on 06 May 2026. The petitioner's counsel submitted a written withdrawal memo, citing the need to cure technical defects, with the liberty to refile. The update was submitted to BSE Limited on 12 May 2026 under Regulation 30 of SEBI (LODR) Regulations, 2015, as a continuation of the company's earlier intimation dated 06 May 2026.
*this image is generated using AI for illustrative purposes only.
Integrated Hi-Tech Limited has informed the stock exchanges that the National Company Law Tribunal (NCLT), Chennai bench has dismissed its Company Petition as withdrawn with liberty, following a hearing conducted via video conference on 06 May 2026. The company filed this update on 12 May 2026 as a continuation of its earlier intimation submitted on 06 May 2026 under Regulation 30 of SEBI (LODR) Regulations, 2015.
NCLT Chennai Order Details
The petition in question, bearing Application No. CP(CA)/105/CHE/2025, was filed by Integrated Hi-Tech Limited under Section 66 of the Companies Act, 2013. The hearing was presided over by a division bench comprising two members, and the petitioner's counsel submitted a written withdrawal memo during the proceedings. The key details of the NCLT order are summarised below:
| Parameter: | Details |
|---|---|
| Application No.: | CP(CA)/105/CHE/2025 |
| Section: | Section 66 of the Companies Act, 2013 |
| Petitioner: | Integrated Hi-Tech Ltd |
| Hearing Date: | 06 May 2026 |
| Mode of Hearing: | Video Conference |
| Bench: | NCLT Chennai Division Bench (Court-I) |
| Presiding Members: | Hon'ble Shri. Sanjiv Jain, Member (Judicial) & Hon'ble Shri Venkataraman Subramaniam, Member (Technical) |
| Counsel for Petitioner: | Mr. Ashok Mishra |
| Counsel for RoC: | Mr. Avinash Krishnan Ravi |
| Order: | Petition dismissed as withdrawn with liberty |
Grounds for Withdrawal
During the hearing, the petitioner's counsel, on instructions, submitted that the petition was being withdrawn with liberty to file afresh after curing the technical defects identified in the original filing. The NCLT bench recorded the submissions and took on record the written withdrawal memo before passing the order dismissing the petition as withdrawn with liberty. The order was signed by both the Member (Technical) and the Member (Judicial) on 06 May 2026.
Regulatory Disclosure
Integrated Hi-Tech Limited filed this update with BSE Limited on 12 May 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Shazia Fatima Mohammed Karimuddin Shaikh, Company Secretary (Membership No. A28104), and a copy of the NCLT order has been enclosed as Annexure-A with the regulatory filing. The company's registered office is located at Chennai, Tamil Nadu, and its corporate office is situated in Mumbai, Maharashtra.
Historical Stock Returns for Integrated Hi-Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.66% | +5.99% | -5.58% | +36.49% | -31.39% | -45.90% |
What specific technical defects were identified in the original Section 66 petition, and how soon could Integrated Hi-Tech Limited refile a corrected petition with the NCLT Chennai?
What are the potential implications for Integrated Hi-Tech Limited's capital structure or shareholder equity if the Section 66 capital reduction petition is ultimately approved upon refiling?
How might the delay caused by the withdrawal and refiling process impact Integrated Hi-Tech Limited's planned corporate restructuring timeline and investor confidence?
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