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  3. /NCLAT scraps insolvency proceedings against Polycab over ₹2.78 crore claim
Technology

NCLAT scraps insolvency proceedings against Polycab over ₹2.78 crore claim

Marcus Chen
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN

Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.

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Managing Editor · Friday, October 30, 2026 at 10:05 AM · 1 min read
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NCLAT scraps insolvency proceedings against Polycab over  ₹2.78 crore claim — Mumbai Technology news

The dispute relates to the supply of aluminium ingots by Asier Metals. The supplier had approached the NCLT under Section 9 of the Insolvency and Bankruptcy Code (IBC), claiming that Polycab had failed to clear its dues.

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