Polycab India Faces Insolvency Petition Admission

Polycab India Limited has been informed of an order by the National Company Law Tribunal (NCLT), Ahmedabad Bench, admitting a petition for Corporate Insolvency Resolution Process (CIRP) against the company. The petition, filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, relates to an alleged operational debt of ₹2.79 crore. The company, however, believes it has strong grounds for appeal, considering it a commercial dispute, and is preparing to file an appeal with the National Company Law Appellate Tribunal (NCLAT). Polycab India stated that it does not anticipate any material adverse impact on its financial or business operations. The company highlighted its strong financial position, with a zero-debt status, cash/investment liquidity exceeding ₹4,000 crores, and a net-worth of ₹11,682 crores as of March 31, 2026.