Deloitte Haskins and Sells challenged Centre’s plea at NCLT that seeks a five-year ban on former auditors of IL&FS Financial Services (IFIN...

NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter.

The ministry had in June moved NCLT seeking a five-year ban on them on these auditors in the IL&FS saga.

The move comes even as the ministry awaits the NCLT view on banning Deloitte, Haskins & Sells and BSR Associates, which were the statutory ...

After hearing arguments of the auditors and the MCA, the tribunal comprising of VP Singh and Ravikumar Duraisamy reserved the order.

The auditors said that courts can’t rewrite a statute, legislate and enact but can only interpret a law.

Govt had moved NCLT on June 10, seeking the ban on Deloitte Haskins & Sells, a part of Deloitte, and KPMG India affiliate BSR & Associates.

Governance lapses, negligence has loaded the banks with one of the world’s worst piles of bad debt.

Government also set to tighten curbs on auditors to minimise conflicts of interest.

Deloitte global CEO Punit Renjen apprises North Block officials about impact of ban on Indian market

MNCs and Indian cos with global operations are in a fix over their audits amid likely ban on KPMG and Deloitte.

If the ban comes to play, it will be a setback for the two firms as it will lead to 300-plus listed companies shifting their business to ot...

The exam will be an online assessment covering company law, ethics, and capital market norms.

Earlier, PwC had been banned in Satyam case and RBI imposed a one-year ban on SR Batliboi recently.

The proposed ban, could prevent the two firms from auditing any listed or unlisted company for five years.

BSR, Deloitte have been accused of colluding with the IFIN management to falsify accounts.

Serious irregularities in IL&FS accounts have prompted India to set sleuths on Deloitte's trail.