An appeal was filed by Bharat Ajay Jaisinghani, Suspended Director of Polycab India Limited, against an NCLT order dated 07.10.2026 that admitted a Section 9 IBC application filed by Asier Metals Pvt. Ltd. The appellant contended a pre-existing dispute regarding payments and credit notes, which was recorded in correspondence, and offered to deposit the entire disputed amount.
The Appeal is filed against an impugned order dated 07.10.2026 passed by the Ld. Adjudicating Authority (NCLT) Division Bench, Court-I, Ahmedabad in CP (IB) No.273/9/AHM/2026.
The Appellant is Bharat Ajay Jaisinghani, Suspended Director of Polycab India Limited.
The Respondents are Asier Metals Pvt. Ltd. & Anr.
The Appellant is inclined to deposit the entire amount as stated in Part IV of the application under Section 9 IBC, without prejudice to its rights and contentions.
A pre-existing dispute exists between the parties regarding payments made and credit notes to be issued by the Operational Creditor.
This pre-existing dispute has been recorded in correspondence between the parties.
A notice under Section 8 IBC was issued by the Respondent on 06.08.2026.
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A notice under Section 8…
A petition under…
An appeal was filed by Bharat Ajay Jaisinghani, Suspended Director of Polycab India Limited, against an NCLT order dated 07.10.2026 that admitted a Section 9 IBC application filed by Asier Metals Pvt. Ltd. The appellant contended a pre-existing dispute regarding payments and credit notes, which was recorded in correspondence, and offered to deposit the entire disputed amount.
The Appeal is filed against an impugned order dated 07.10.2026 passed by the Ld. Adjudicating Authority (NCLT) Division Bench, Court-I, Ahmedabad in CP (IB) No.273/9/AHM/2026.
The Appellant is Bharat Ajay Jaisinghani, Suspended Director of Polycab India Limited.
The Respondents are Asier Metals Pvt. Ltd. & Anr.
The Appellant is inclined to deposit the entire amount as stated in Part IV of the application under Section 9 IBC, without prejudice to its rights and contentions.
A pre-existing dispute exists between the parties regarding payments made and credit notes to be issued by the Operational Creditor.
This pre-existing dispute has been recorded in correspondence between the parties.
A notice under Section 8 IBC was issued by the Respondent on 06.08.2026.
…A notice under Section 8…
A petition under…