Govt, IL&FS move Supreme Court over Bombay High Court stay on proceedings against BSR
The ministry of corporate affairs and IL&FS on Thursday moved the Supreme Court seeking a stay on the Bombay High Court order that restrained it from proceedings against auditing firm BSR & Associates LLP, a KPMG affiliate firm, in the Infrastructure Leasing & Financial Services Ltd (IL&FS) case.
The HC on September 4 had stayed the proceedings against the audit firm and restrained the government from taking coercive action against the auditing firm before the National Company Law Tribunal, Mumbai, and a Mumbai special court dealing with the IL&FS scam.
A Bench led by Justice Indira Banerjee heard the arguments put forth by both Solicitor General Tushar Mehta and senior counsel Mukul Rohatgi, who represented BSR. It posted the case for further hearing on Wednesday.
