Mechanics call it M700 TAKEUP LEVER मिस्त्री इसे यही कहते हैं
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Needle Thread Take-Up (part number 209681, shop code 370015) is a spare part for the PEGASUS M700. In the manufacturer's part book it sits in the "Thread Guide & Thread Takeup" section as ref. no. 16 (1 per machine). The same number appears in 10 part books (Pegasus). Mechanics and shops in Delhi usually ask for it as "M700 TAKEUP LEVER"; this one is made by AURA; material: metal; shipping weight about 50 g. Price ₹57.75 including GST, with a GST invoice.
Other parts in the same "Thread Guide & Thread Takeup": Thread Guide · Needle Thread Guide (ref. 3) · Guide (ref. 13)
Buying guide: Overlock machine spare parts: loopers, knives, feed dogs
Part books you can open here (2 of the 10 that list this number). Open the PDF to see the drawing and confirm it fits your machine.
Galat part aa gaya? 7 din mein wapas, bina istemaal kiye · GST bill har order ke saath · Dukaan: Govindpuri, Delhi, 2002 se · Google rating 4.8