NCLAT stays insolvency order against Polycab in Asier Metals case

Court Stay ObtainedNclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

POLYCAB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹8240.00

prior close

₹8300.00

announcement price

After-mkt

timing

Nifty 100market-0.5%+2.5% vs market

Cables - Electricals peers, median of 11sector+0.8%+1.2% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty 100 and 1.2 pts more than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.2

10m

+0.7

15m

+1.4

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0-0.5+2.5+0.8+1.2

Next day

+0.5+0.9-0.5-0.6+1.1

+0.8+0.6+0.2+0.9-0.1

-0.4+1.9-2.3-0.3-0.1

-0.3+2.5-2.7-2.2+1.9

-2.6+1.5-4.1-3.2+0.6

-6.9+0.4-7.3-11.2+4.3

15d

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UpDownMarket · Nifty 100Sector · Cables - Electricals peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLAT has stayed the NCLT Ahmedabad order that had admitted insolvency proceedings against Polycab under Section 9 of IBC. The case was filed by Asier Metals Private Limited for alleged operational debt of 2.79 crore rupees. Polycab argued there is a pre-existing dispute over credit notes and offered to deposit the claimed amount via FDR. Next hearing listed on October 26, 2026.

Likely market impact

Positive relief for Polycab as insolvency admission is on hold. Debt amount is small relative to company size of over 1 lakh crore market cap.