Announced Wed, 7 Oct, 2026 · 22:42 IST
NCLT admits insolvency petition against Polycab over Rs 2.79 crore debt
POLYCAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
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₹8309.00
prior close
₹8255.00
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AI summary
NCLT Ahmedabad has admitted an insolvency petition against Polycab filed by Asier Metals Private Limited under Section 9 of the IBC over an alleged operational debt of Rs 2.79 crore. The company plans to appeal to NCLAT, calling it a commercial dispute with strong grounds. Polycab says the impact is not material, noting it is zero-debt with over Rs 4,000 crore in cash and investments and a net worth of Rs 11,682 crore as of March 2026.
Likely market impact
Admission of CIRP is typically negative for sentiment, but the disputed debt is very small relative to the company's strong balance sheet. Watch for the NCLAT appeal outcome.