The Enforcement Directorate has summoned Nationalist Congress Party leader Jayant Patil for questioning in connection with a case pertaining to alleged irregularities related to Infrastructure Leasing & Financial Services (IL&FS).
The Enforcement Directorate on Wednesday carried out searches against two former auditor firms of IL&FS BSR and Associates and Deloitte Haskins and Sells, official sources said.
The report not only reveals the unusual causes of SVB’s failure, but, most importantly, repeatedly highlights the failure of the Fed in not taking action sooner.
A bench of Justice MR Shah and MM Sundresh held that the Bombay High Court erred in holding that the resignation of auditor means that proceedings against auditor before the NCLT under section 140(5) will end.