Polycab India Files Appeal Against CIRP Admission Order
Polycab India has appealed the NCLT's admission of a CIRP petition filed by Asier Metals Private Limited for an alleged debt of ₹2.79 crore. The appeal will be heard by the NCLAT on October 9, 2026. The company will provide further updates on material events.
The Corporate Insolvency Resolution Process (CIRP) is a serious legal proceeding that can have substantial implications for the company's operations, financial health, and reputation. The outcome of the appeal and the ongoing process will significantly impact the company.
The company is facing a Corporate Insolvency Resolution Process (CIRP) petition, which indicates a significant legal and financial challenge. Although an appeal has been filed, the initial admission of the CIRP by the NCLT is a negative development.
Polycab India Limited has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) to set aside the order admitting a Corporate Insolvency Resolution Process (CIRP) petition. The National Company Law Tribunal (NCLT), Ahmedabad Bench, had admitted the petition on October 7, 2026. The CIRP petition was filed by Asier Metals Private Limited concerning an alleged operational debt of ₹2.79 crore against Polycab India Limited, under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The matter is scheduled for a hearing at the NCLAT on October 9, 2026. Polycab India Limited will continue to inform the stock exchanges of any material events or information as they occur.
What to do with a filing like this
Polycab India Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Polycab India Limited. Read the original for the full detail.