Bombay High Court grants interim relief to KPMG arm BSR & Associates in IL&FS case

Bombay High Court grants interim relief to KPMG arm BSR & Associates in IL&FS case

Granting temporary relief to BSR & Associates (a KPMG arm), the former auditors of IL&FS, the Bombay High Court passed an order staying further proceedings at the Mumbai Bench of the National Company Law Tribunal (NCLT). The Ministry of Corporate Affairs (MCA) had filed an application under S. 140 (5) of the Companies Act, 2013, seeking a five-year ban on BSR & Associates.

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