M/s A.S. Met Corp Private Limited, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. KLSR Infratech Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT Hyderabad admitted the application. Respondent no.4, a suspended director of the Corporate Debtor, challenged this order before the NCLAT, Chennai Bench. After hearing the appeal, the NCLAT reserved judgment. However, an "unfortunate incident" prompted the NCLAT, Chennai Bench, to pass an order dated 13.08.2025, which prevented a decision on merits and became the foundation of the present writ petition in the Supreme Court. The writ petition sought, among other reliefs, the registration of a First Information Report (FIR)
…A writ petition was filed invoking the jurisdiction of the Supreme Court under Article 32 of the Constitution of India.
The petitioner is an operational creditor of M/s. KLSR Infratech Ltd. (respondent no.5-company).
The petitioner filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") before the National Company Law Tribunal, Hyderabad Bench ("NCLT Hyderabad") due to alleged failure of M/s. KLSR Infratech Ltd. to make due payments.
The NCLT Hyderabad admitted the insolvency application and initiated Corporate Insolvency Resolution Proceedings ("CIRP").
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Company Appeal (AT) (CH) (Ins) No.210/2023…
The NCLAT, Chennai Bench, heard the Company…
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M/s A.S. Met Corp Private Limited, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. KLSR Infratech Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT Hyderabad admitted the application. Respondent no.4, a suspended director of the Corporate Debtor, challenged this order before the NCLAT, Chennai Bench. After hearing the appeal, the NCLAT reserved judgment. However, an "unfortunate incident" prompted the NCLAT, Chennai Bench, to pass an order dated 13.08.2025, which prevented a decision on merits and became the foundation of the present writ petition in the Supreme Court. The writ petition sought, among other reliefs, the registration of a First Information Report (FIR)
…A writ petition was filed invoking the jurisdiction of the Supreme Court under Article 32 of the Constitution of India.
The petitioner is an operational creditor of M/s. KLSR Infratech Ltd. (respondent no.5-company).
The petitioner filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") before the National Company Law Tribunal, Hyderabad Bench ("NCLT Hyderabad") due to alleged failure of M/s. KLSR Infratech Ltd. to make due payments.
The NCLT Hyderabad admitted the insolvency application and initiated Corporate Insolvency Resolution Proceedings ("CIRP").
…Company Appeal (AT) (CH) (Ins) No.210/2023…
The NCLAT, Chennai Bench, heard the Company…
Sign in to view related legal provisions.