The National Company Law Appellate Tribunal (NCLAT) has allowed an appeal filed by Polycab India Limited, setting aside a previous order from the National Company Law Tribunal (NCLAT) that had admitted the company into Corporate Insolvency Resolution Process (CIRP). This decision releases Polycab India from the rigours of CIRP, allowing it to function independently.
NCLAT Overturns Insolvency Admission
In a significant development for Polycab India Limited, the National Company Law Appellate Tribunal (NCLAT) has ruled in favor of the company, setting aside an earlier order that had admitted it into the Corporate Insolvency Resolution Process (CIRP). The NCLAT’s decision, dated October 30, 2026, effectively releases Polycab India…