BusinessPhoto: MintNCLAT Cancels Insolvency Proceedings Against Polycab Over ₹2.78 Crore Claim
The National Company Law Appellate Tribunal (NCLAT) has scrapped insolvency proceedings against Polycab related to a ₹2.78 crore claim by Asier Metals. The dispute involved the supply of aluminium ingots, with Asier Metals approaching the NCLT under Section 9 of the Insolvency and Bankruptcy Code, alleging Polycab failed to clear its dues.
Mint·



