SRBC resigns as auditor of IL&FS Transportation Networks after NFRA report

SRBC & Co LLP has resigned as the auditor of IL&FS Transportation Networks Limited (ITNL) following the audit review report of National Financial Regulatory Authority. 

The auditor said in a statement that its resignation was accepted by the board of ITNL. 

“We believe our resignation will allow the company to appoint another auditor to continue on-going audit work without any impediments. We discharged our duties in good faith, in a bona fide manner, and in compliance with applicable laws and stan­dards,” the statement said.