The Supreme Court in a significant relief to KLSR Infratech Limited and its Director Mr. A.S. Reddy, a leading Indian infrastructure construction and engineering company headquartered in Hyderabad, Telangana has upheld the directions and findings of the NCLAT, New Delhi that had set aside the malafide insolvency proceedings initiated against the company by A.S. Met Corp Pvt. Ltd.
A Bench of Justice JB Pardiwala and Justice KV Vishwanathan has upheld the order passed in favour of KLSR which primarily undertakes civil contracts, water supply systems, and urban infrastructure projects for government entities across several.
The NCLAT, vide its detailed judgment in March 2026, had held that there existed a genuine and pre-existing dispute…