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Polycab India Faces CIRP Admission Over Rs.2.79 Crore Debt Claim


7 October 2026
Polycab India Ltd.

NCLT Ahmedabad on October 7 admitted Asier Metals' Section 9 IBC plea against Polycab over alleged Rs 2.79 crore operational debt, initiating CIRP. Company says strong appeal grounds as commercial dispute, is moving NCLAT, expects no material impact, citing zero debt and net cash over Rs 4,000 crore.


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