Govt asks NCLT to freeze assets of IL&FS arm's audit partners Deloitte, BSR

Audit firm partners named in SFIO complaint to be allowed withdrawal of Rs 1 lakh a month

The Ministry of Corporate Affairs (MCA) on Tuesday sought the National Company Law Tribunal’s (NCLT’s) approval to freeze assets, including bank lockers, of Deloitte Haskins & Sells and KPMG-network auditor BSR & Associates, both former auditors of IL&FS Financial Services (IFIN) which have been named in the Serious Fraud Investigation Office (SFIO) complaint. 

The tribunal, after hearing the MCA’s argument, adjourned the matter till August 28 as its order permitting the prosecution of the auditors was stayed by the National Company Law Appellate Tribunal (NCLAT). The NCLAT will hear the matter on August 19. 

The Mumbai Bench of the NCLT