SC Issues Notices on Plea Alleging ₹150 Cr Corporate Fraud, Judicial Interference in Insolvency Case

The Supreme Court on Friday issued notices to the Centre, Telangana government, and key investigative agencies on a petition alleging a massive corporate fraud of nearly ₹150 crore, implicating the suspended management of an insolvent company, KLSR Infratech Ltd, and raising serious concerns of judicial interference in ongoing insolvency proceedings. A bench comprising Chief Justice…

Supreme Court Seeks CBI, ED Probe Into ₹150 Crore Transactions During Stalled CIRP

The Supreme Court on Friday issued notice to the Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and Serious Fraud Investigation Office (SFIO) on a writ petition alleging large-scale fraud, illegal continuation of management during insolvency proceedings, and serious concerns touching upon judicial propriety in a long-stalled Corporate Insolvency Resolution Process (CIRP). The Bench of…