Prohibition on auditor not sustainable evidence to infer that such auditor acted fraudently: NCLAT

COMPANY LAW : Where NCLT passed an order prohibiting appellant to be appointed as an auditor of any company for negligently giving clean audit report, since there was nothing on record to infer that appellant acted fraudulently or colluded with directors of company or he had misused his position as statutory auditor of company, findings of NCLT was not sustainable

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