Polycab India says NCLAT stayed the NCLT order that admitted insolvency proceedings over an alleged ₹2.79 crore debt
- Legal
- Cables
Polycab India Limited has told the exchanges on 9 Oct 2026 that the National Company Law Appellate Tribunal (NCLAT) has stayed an order of the National Company Law Tribunal (NCLT) dated 7 Oct 2026. The NCLT order had admitted an application for the corporate insolvency resolution process against the company. The alleged amount, described as operational debt, is ₹2.79 crore.
The company disclosed the stay under Regulation 30 of the SEBI listing rules, as an update to its earlier disclosure of the NCLT order.
Inference
A stay suspends the effect of the NCLT order while the appeal is heard, so the insolvency process does not go ahead for now. The matter is not decided, and the final outcome rests with the appellate tribunal.
The disputed sum is small, and the filing reviewed here does not describe any effect on the company’s operations or finances.
Reference: Original filing (PDF)
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