 "Deloitte, KPMG question NCLT's jurisdiction to impose ban sought by govt")
Deloitte Haskins & Sells and BSR & Associates (a KPMG network firm), former auditors of IL&FS Financial Services (IFIN), in their replies to the Ministry of Corporate Affairs’ (MCA’s) application seeking a five-year ban on them, have questioned the National Company Law Tribunal’s (NCLT’s) jurisdiction.
The two argued on Friday that the MCA's application was not maintainable as they had already resigned as the firm's auditors. The NCLT asked the ministry to file its response, and will hear the matter on July 15.
On June 10, the MCA had moved an application seeking the removal of the auditors from IFIN and appointment
