Polycab India Faces CIRP Petition; Appeals NCLAT

Polycab India Limited has received a Corporate Insolvency Resolution Process (CIRP) petition from Asier Metals Private Limited for an alleged operational debt of ₹2.79 crore, related to a commercial dispute over aluminum ingot supply. The National Company Law Tribunal (NCLT), Ahmedabad Bench, admitted the petition on October 7, 2026. Polycab India has filed an appeal with the National Company Law Appellate Tribunal (NCLAT), with a hearing scheduled for October 9, 2026. The company considers the alleged debt insignificant, being well below the materiality threshold of ₹109.28 crore for FY 2026-27, and does not anticipate a material impact on its financial operations.