Polycab India Limited
Press Release
01 / The disclosure
What the company shared
Polycab India Limited has informed the Exchange regarding a press release dated October 13, 2026, titled "Press Release on NCLAT Order".
A question for your research
Check the authority, amount, company response and appeal status. A notice and a final liability are different stages.
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₹2.79 crorePage 1
Polycab India Limited (‘the Company’), under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") against the Company in respect of an alleged operational debt of ₹2.79 crore.
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01Subject: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Press Release on receipt of Order dated October 09, 2026 passed by the Hon'ble National Company Law Appellate Tribunal With reference to the captioned subject, please find enclosed herewith the press release on the receipt of order dated October 09, 2026 from the Hon'ble National Company Law Appellate Tribunal ("Hon'ble NCLAT"), Principal Bench, New Delhi staying and keeping in abeyance the order dated October 07, 2026 passed by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, regarding admission and initiation of Corporate Insolvency Resolution Process ("CIRP") in C.P .(IB)No.273/9/ AHM/2026, in the matter of Asier Metals Private Limited vs.
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02Polycab India Limited (‘the Company’), under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") against the Company in respect of an alleged operational debt of ₹2.79 crore.
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032.79 crores, to set aside the order of admission passed by the National Company Law Tribunal, Ahmedabad (“NCLT”) and initiation of the Corporate Insolvency Resolution Process ("CIRP") against the Company.
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04We have filed an Appeal before the Hon'ble National Company Law Appellate Tribunal, Princ ipal Bench, New Delhi ("Hon'ble NCLAT") and the Hon’ble NCLAT has stayed and kept in abeyance the order of admission in its entirety (“NCLAT Order”).
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05The Hon’ble NCLAT has inter alia directed the following: “ ……..the impugned order is stayed and be kept in abeyance till further orders” .
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Source & verificationView the disclosure trail
- Summary method
- Exchange-provided text; no generated financial figures
- Exchange identifier
- 106816002
- First collected
- 13 Oct 2026, 16:51 IST
- PDF extraction
- extracted · 2 pages read
- Extraction note
- Source excerpts; financial tables have not been validated.
- Document SHA-256
- 7a618ac45700e9089ebe5b03f042ee52262c1289bceb10ac2ebcc3dc0ab00d98