Mumbai: The Ministry of Corporate Affairs (MCA) has asked the National Company Law Tribunal (NCLT) to freeze the assets of the former auditors of an Infrastructure Leasing & Financial Services (IL&FS) subsidiary, arguing that the step is needed to stop fund diversion.
The government’s counsel requested the tribunal on Tuesday to pass an order to freeze the bank accounts of 23 proposed respondents that have been newly impleaded in MCA’s main petition against IL&FS, including Deloitte Haskins & Sells LLP and BSR Associates LLP, the former auditors of subsidiary IL&FS Financial Services (IFIN).
