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flag Delhi High Court upholds authority of NFRA to investigate auditor misconduct, but quashes some charges.

flag The Delhi High Court upheld the constitutional validity of the National Financial Reporting Authority (NFRA) and its powers to investigate misconduct by auditors. flag While the court dismissed petitions from chartered accountants and audit firms challenging NFRA's authority, it quashed specific charges due to procedural flaws. flag The NFRA can still reissue charges after addressing these issues.

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