On August 13, the National Company Law Appellate Tribunal (NCLAT), Chennai recorded that one of its Members (Judicial) had been personally approached by a senior member of the higher judiciary, seeking a favourable order in an insolvency matter.
The case was filed by Mr. Attluru Sreenivasulu Reddy, suspended director of M/s KLSR Infratech Ltd., against M/s AS Met Corp Pvt. Ltd. & Anr.
During the hybrid-mode hearing, Justice Sharad Kumar Sharma disclosed in open court that he had been approached in connection with the matter, and consequently recused himself from hearing the case. The Bench, also comprising Jatindranath Swain (Technical Member), directed that the matter be placed before the Hon’ble Chairperson of NCLAT for reallocation to another bench.