Announced Thu, 8 Oct, 2026 · 20:41 IST
NCLT admits insolvency petition against Polycab; company appeals to NCLAT
POLYCAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
NCLT Ahmedabad admitted a Corporate Insolvency Resolution Process petition against Polycab India filed by Asier Metals Private Limited under Section 9 of the IBC, over an alleged operational debt of Rs 2.79 crore. Polycab has filed an appeal before NCLAT seeking to set aside this order. The matter is listed for hearing on October 09, 2026.
Likely market impact
Insolvency proceedings admitted against Polycab over a small Rs 2.79 cr dispute. Company has appealed; NCLAT hearing set for Oct 9. May weigh on stock sentiment.