Bombay HC Dismissions the BSR Associates Arm, Quashes All Proceedings against Auditors Complaint Seeking Ban on Deloitte and KPMG

In a major relief to Deloitte and KPMG's BSR Associates, the High Court of Bombay dismissed a plea filed by the Ministry of Corporate Affairs (MCA) requesting a five-year ban on the two auditors for alleged violation of accounting standards while working for the debt-ridden IL&FS Financial Services (IFIN). 

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