The corporate affairs ministry Monday filed fresh applications at NCLT to debar Deloitte Haskins & Sells and BSR Associates, an arm of EY– who are the auditors of IL&FS Financial Services from auditing for five years and also to appoint a new auditor for the crippled firm.
IL&FS Financial Services is of the 348 subsidiaries of the crippled IL&FS group, which owes more than Rs 95,000 crore to the lenders. The group got into trouble after many of its subsidiaries began to default since last September and on October 1 that year, the government had suspended its board and taken over the company.
The ministry moved its applications through its senior counsel Sanjay Shorey.
The ministry has also made Udayen Sen of Deloitte, and Kalpesh Mehta and Sampath Ganesh of BSR as respondents as they were the signatories of the audit reports of the company.
Shorey said the ministry made them the respondents as they as the auditors are required to certify the books of its