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 Chief Justice of India Surya Kant and Justice Joymalya Bagchi took cognisance of the petition filed by a Director of Bengal Cold Rollers Private Limited, an Operational Creditor of M/s KLSR Infratech Limited.
During the hearing, Advocate Ashwini Kumar Upadhyay appeared for the petitioner.
The Court has issued notice to the CBI, ED and…