IL&FS: SC refuses stay on Bombay HC order quashing Centre's plea to ban Deloitte2 min read . Updated: 16 Jun 2020, 02:35 PM IST
- The Ministry of Corporate Affairs had challenged the Bombay High Court order of 21 April in the apex court
- The MCA had moved NCLT seeking removal of two two audit firms for their role in alleged financial irregularities by IL&FS Group
NEW DELHI: In a big relief to BSR & Associates LLC, and Deloitte Haskins and Sells, both former auditors of IL&FS Financial Services Ltd, the Supreme Court (SC) on Tuesday refused to stay the Bombay High Court (HC) order to quash all prosecution against the two firms pending before the National Company Law Tribunal (NCLT) and a special court in the city.
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