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ICAI to submit decision on NSEL auditor soon

Probe over, it tells Delhi HC, decision in 4 weeks; matter pending with it for about 20 months

The Institute of Chartered Accountants of India (ICAI) is likely to decide soon on the complaints against scam-hit National Spot Exchange (NSEL)’s auditor, Mukesh P Shah & Co. Earlier this month, the institute told the high court here that its disciplinary committee was looking into the complaints and would take a decision in “four weeks”. Disposing of a petition by Delhi-based IGL Finance, a bench of Chief Justice G Rohini and Rajiv Sahai Endlaw noted, in an order dated May 5, that institute counsel J S Bakshi had stated, “the allegations made by the ...