Company Registration 31 October 2026
NCLAT Overturns Polycab Insolvency, Restores Board Autonomy
The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings launched against Polycab India Limited, permitting the firm to continue operating under its existing board of directors without external oversight. The ruling restores full governance autonomy and reverses earlier steps that could have forced a corporate resolution under the Insolvency and Bankruptcy Code.
Key Points
- NCLAT set aside insolvency proceedings against Polycab India Ltd.
- The company can now operate independently through its current board of directors.
- Decision reverses earlier steps that might have placed Polycab under a corporate insolvency framework.
For more details, see the full report here.
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