Company appeals to NCLAT to set aside NCLT order admitting CIRP petition over alleged ₹2.79 crore debt

Company has shared an appeal before NCLAT to set aside the NCLT (Ahmedabad Bench) order dated October 07, 2026 that admitted a CIRP petition against it.

Thu 8 Oct 2026

Alleged operational debt

₹2.79 crore

NCLT order date

October 07, 2026

NCLAT hearing date

October 09, 2026

What the update says

The company has informed the stock exchanges that it has shared an appeal before the Hon'ble National Company Law Appellate Tribunal (NCLAT) for setting aside the order for admission of a Corporate Insolvency Resolution Process (CIRP) petition by the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, dated October 07, 2026.

• The petition was shared by Asier Metals Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016.
• The case is C.P.(IB)No.273/9/ AHM/2026.
• The petition is in respect of an alleged operational debt of ₹2.79 crore.
• The company states this intimation is in continuation of its earlier intimation dated October 07, 2026.

What happens next

• The matter is listed for hearing before the NCLAT on October 09, 2026.
• The company has said it shall continue to notify the stock exchanges of material events or information upon occurrence.

Plain-language glossary

• CIRP (Corporate Insolvency Resolution Process): A process under the Insolvency and Bankruptcy Code, 2016 that begins when a company is admitted into insolvency proceedings.
• Section 9 petition: A petition shared under the IBC by an operational creditor, that is, a party claiming money owed for goods or services.
• NCLT and NCLAT: The NCLT is the tribunal that hears the insolvency petition at the first level. The NCLAT is the appellate tribunal that hears the appeal against an NCLT order.
• Alleged operational debt: The update uses the word "alleged" for the ₹2.79 crore amount, and the appeal seeks setting aside of the admission order.

How to read this

This is an update on a legal proceeding. The update sets out the sequence it describes: the NCLT, Ahmedabad Bench order dated October 07, 2026 admitting the CIRP petition, and the company's appeal before the NCLAT for setting that order aside, with the appeal listed for hearing on October 09, 2026.

The two things a reader can take from the update are the amount the petition is about, ₹2.79 crore, described in the update as an alleged operational debt, and the fact that the admission order is under appeal before the NCLAT.

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