{"id":279398,"date":"2019-06-22T06:58:29","date_gmt":"2019-06-22T06:58:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=279398"},"modified":"2019-06-22T06:58:29","modified_gmt":"2019-06-22T06:58:29","slug":"ilfs-case-auditors-defend-themselvesquestion-justification-for-ban","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-case-auditors-defend-themselvesquestion-justification-for-ban\/","title":{"rendered":"IL&amp;FS case: Auditors defend themselves,question justification for ban"},"content":{"rendered":"<p>Auditors Deloitte Haskins &amp; Sells and the KPMG affiliate BSR Associates, who are under fire for their alleged laps in the IL&amp;FS scam, Friday questioned the justification for the corporate affairs ministry\u2019s demand to seek a five-year ban on them. The counsel for the auditors argued that they are neither related to the management of any IL&amp;FS company nor are involved with the day-to-day management of the crippled group that owes close to Rs 1 lakh to the system.<\/p>\n<p>The NCLT posted the matter for hearing on July 15. The corporate affairs ministry had on June 10 moved the NCLT seeking a five year ban on Deloitte and BSR, who were the auditors of IL&amp;FS Financial Services, and also to appoint a new auditor for the crippled firm. Following this, Deloitte had resigned as the auditor last week, while BSR did so Thursday. IL&amp;FS Financial Services is one of the 348 arms of the IL&amp;FS group, which went belly up last September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Auditors Deloitte Haskins &amp; Sells and the KPMG affiliate BSR Associates, who are under fire for their alleged laps in the IL&amp;FS scam, Friday questioned the justification for the corporate affairs ministry\u2019s demand to seek a five-year ban on them. The counsel for the auditors argued that they are neither related to the management of any IL&amp;FS company nor are involved with the day-to-day management of the crippled group that owes close to Rs 1 lakh to the system. The NCLT posted the matter for hearing on July 15. The corporate affairs ministry had on June 10 moved the NCLT [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-279398","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=279398"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279398\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=279398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=279398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=279398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}