January 23, 2026
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Multi-crore corporate insolvency fraud probe sought; petition asks for CBI, SFIO and ED investigations and NCLAT recording release.
Supreme Court sought responses from the Centre, Telangana, CBI, ED and SFIO on a petition alleging that suspended management of KLSR Infratech siphoned about Rs 148.87 crore, manipulated MCA records to evade CIRP status, obtained fresh loans and government tenders without IRP authorisation, and used state authority collusion and alleged judicial influence to stall insolvency proceedings. The petition requests CBI and SFIO probes into collusion, an ED money laundering investigation, release of NCLAT recordings, and correction of the company's MCA status to "under CIRP."