NCLAT: Auditor Cannot be Debarred for 5 Years in Absence of Evidence - 26.02.2020

National Company Law Appellate Tribunal has set aside an order passed by National Company Law Tribunal in a matter relating to debarring of an auditor for 5 years. The Court has held that though he was negligent, there was no material on record to infer that the auditor had acted fraudulently or misused his position as a statutory auditor.

Tags : National Company Law Appellate Tribunal Debarring of Auditor

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