Final KPMG forensic audit report on SREI had gaps: Hemant Kanoria in NCLT

In an application moved on Jan 19, he sought setting aside appointment of KPMG by Axis Bank and UCO Bank (lead banks in consortium of lenders) as auditor for SREI

KPMG, which conducted a forensic audit on SREI, submitted three reports and the final one had gaps, counsel representing Hemant Kanoria said before the Kolkata Bench of the National Company Law Tribunal (NCLT) on Monday.

Findings by a forensic auditor after three reports – preliminary, draft and final that too with gaps, calls into serious question as to the procedure and process followed in that proceeding as well, said Ratnanko Banerji, senior advocate representing Hemant Kanoria.

In an application moved on January 19, Kanoria sought setting aside the appointment of KPMG by Axis Bank and UCO Bank (the lead banks