BusinessPhoto: Mint CompaniesPolycab Case Highlights Misuse of IBC for Small Dues
Bankruptcy proceedings against Polycab India were initiated after the insolvency court admitted a plea on 7 October. Supplier Asier Metals claimed an operational debt of ₹2.79 crore, raising concerns about the misuse of the Insolvency and Bankruptcy Code (IBC) by vendors and suppliers to recover small dues from large companies.
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