NCLAT Overturns Polycab’s Insolvency Case, Restores Board Autonomy, ETLegalWorld
The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings initiated against Polycab India Limited over an alleged operational debt of Rs 2.78 crore, directing that the company be released from the Corporate Insolvency Resolution Process (CIRP) and allowed to function independently through its board of directors with immediate effect. A three-member…

