NCLAT stays NCLT insolvency admission order against Polycab

Nclt Insolvency AdmittedCourt Stay ObtainedRegulatory & 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

+0.3%Reaction day

₹8280.00

prior close

₹8232.00

announcement price

After-mkt

timing

Nifty 100market-0.3%+0.6% vs market

Cables - Electricals peers, median of 11sector+1.1%-0.8% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty 100 and 0.8 pts less 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

-3.0

10m

-3.5

15m

-3.3

30m

-3.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3-0.3+0.6+1.1-0.8

Next day

-0.9+0.9-1.8-1.3+0.5

-0.7+1.5-2.3-3.5+2.8

-3.1+0.5-3.6-4.1+1.0

-6.2-0.0-6.1-8.6+2.5

-7.4-0.5-6.8-10.3+2.9

-6.5-0.6-6.0-12.2+5.7

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 dated Oct 7, 2026 that admitted Corporate Insolvency Resolution Process (CIRP) against Polycab. The case was filed by Asier Metals under Section 9 of IBC for an alleged operational debt of Rs 2.79 crore. Polycab calls it a commercial dispute with strong merits. Next hearing on Oct 26, 2026. Company confirms no material impact; operations continue normally. Polycab is zero-debt with net cash above Rs 4,000 crore and net worth of Rs 11,682 crore as on March 31, 2026.

Likely market impact

Positive for shareholders. Insolvency admission stayed; no material impact expected. Strong balance sheet and operations continue as usual.