What was filed
Polycab India told the exchanges it has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) to set aside an order of the NCLT, Ahmedabad Bench. The NCLT order, dated 7 October 2026, admitted a Corporate Insolvency Resolution Process (CIRP) petition against the company. The petition was brought by Asier Metals Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016, in respect of an alleged operational debt.
The dispute and the timeline
Polycab has moved quickly. The NCLT admission was passed on 7 October 2026, and the company's appeal is already listed for hearing before NCLAT on 9 October 2026. The company said it will continue to notify the stock exchanges of material events as they occur.
Why it matters to a holder
An admitted CIRP petition is a serious procedural event because, if not stayed or set aside, it can trigger the insolvency process at the corporate debtor. The filing records that Polycab is contesting the admission at the appellate stage, with a hearing imminent. The outcome of that NCLAT hearing is not disclosed in this filing and will determine the next step.