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Petition to Bar IL&FS Auditors NCLT by Jay Nirupam is a document available to read on EtoBox.

The Ministry of Corporate Affairs has filed a petition before the National Company Law Tribunal to bar the auditors of IL&FS - Deloitte Haskins and BSR and Associates LLP - from auditing any company for 5 years. The petition alleges the auditors failed to detect and report financial irregularities and fraud at IL&FS and its subsidiaries. The MCA seeks to prosecute the auditors under sections 241 and 242 of the Companies Act for their role in the alleged fraud. The NCLT is asked to allow the prosecution of t

Author

Jay Nirupam

Language

EN