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Delhi High Court upholds authority of NFRA to investigate auditor misconduct, but quashes some charges.
The Delhi High Court upheld the constitutional validity of the National Financial Reporting Authority (NFRA) and its powers to investigate misconduct by auditors.
While the court dismissed petitions from chartered accountants and audit firms challenging NFRA's authority, it quashed specific charges due to procedural flaws.
The NFRA can still reissue charges after addressing these issues.
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El Tribunal Superior de Delhi confirma la autoridad de la NFRA para investigar la mala conducta de los auditores, pero anula algunos cargos.