The National Company Law Tribunal on Thursday (NCLT) stayed its own order allowing the government to prosecute the three partners of Deloitte and BSR Associates for their alleged culpability in the IL&FS fraud case — following a plea to allow them to appeal at the appellate tribunal.
Staying its own order of July 18, the Mumbai NCLT gave 10 days to Udayan Sen and Kalpesh Mehta of Deloitte, and Sampath Ganesh of BSR Associates to file an appeal and said the impugned order would remain inoperative for the next four weeks from Thursday.
“We have heard the arguments of the senior counsel for the applicants and the arguments advanced by the joint director on behalf of the government. Since our order is appealable, the applicants are free to appeal.
