{"id":23475,"date":"2026-03-26T10:59:21","date_gmt":"2026-03-26T05:29:21","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=23475"},"modified":"2026-03-26T10:59:21","modified_gmt":"2026-03-26T05:29:21","slug":"big-names-bigger-questions-what-lies-ahead-for-deloitte","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/big-names-bigger-questions-what-lies-ahead-for-deloitte\/","title":{"rendered":"Big Names, Bigger Questions \u2014 What Lies Ahead for Deloitte and Others in This High-Stakes Case? Audit Firms"},"content":{"rendered":"<p data-section-id=\"1me7dxf\" data-start=\"552\" data-end=\"657\"><span role=\"text\">Tribunal brings auditors into the frame, signaling a structural shift in corporate accountability<\/span><\/p>\n<p data-start=\"659\" data-end=\"1044\">In a ruling that could redefine how corporate fraud cases are pursued in India, the <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">National Company Law Tribunal<\/span><\/span> (NCLT) has refused to exclude audit firms\u2014<span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Deloitte<\/span><\/span>, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">BSR &amp; Associates LLP<\/span><\/span>, and <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">SRBC &amp; Co LLP<\/span><\/span>\u2014from proceedings in the <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Infrastructure Leasing &amp; Financial Services Ltd<\/span><\/span> (IL&amp;FS) fraud case.<\/p>\n<p data-start=\"1046\" data-end=\"1233\">The March 24 order does not determine guilt. Instead, it does something arguably more consequential\u2014it ensures that auditors will be examined within the legal process, not outside it.<\/p>\n<p data-start=\"1235\" data-end=\"1403\">In doing so, the tribunal has drawn a clear boundary: professional status does not provide a shield against scrutiny when systemic failures are under investigation.<\/p>\n<p data-start=\"1327\" data-end=\"1520\">Also Check :<\/p>\n<ul>\n<li><a href=\"https:\/\/www.niftytrader.in\/nifty50-contributors\">Nifty 50<\/a><\/li>\n<li><a href=\"https:\/\/www.niftytrader.in\/nifty-bank-contributors\">Bank Nifty<\/a><\/li>\n<li><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/bse\">Sensex<\/a><\/li>\n<\/ul>\n<h2 data-section-id=\"p0esv2\" data-start=\"1410\" data-end=\"1505\"><span role=\"text\">Section 339 interpretation expands liability beyond management to ecosystem participants<\/span><\/h2>\n<p data-start=\"1507\" data-end=\"1686\">At the heart of the ruling lies a decisive interpretation of Section 339 of the Companies Act, 2013, a provision designed to address fraudulent conduct in business operations.<\/p>\n<p data-start=\"1688\" data-end=\"1934\">The tribunal rejected a narrow reading of the law and clarified that the phrase \u201cany person\u201d is wide enough to include third parties such as auditors, if evidence suggests they played a role in enabling or overlooking fraudulent activity.<\/p>\n<p data-start=\"1688\" data-end=\"1934\">Read More : <a href=\"https:\/\/www.niftytrader.in\/markets\/ipls-billion-dollar-boost-why-chennai-super-kings\/\">IPL\u2019s Billion-Dollar Boost: Why Chennai Super Kings\u2019 Unlisted Shares Are Witnessing a Sharp Re-Rating<\/a><\/p>\n<h3 data-section-id=\"f8pa18\" data-start=\"1936\" data-end=\"1978\"><span role=\"text\">Section 339 \u2014 expanded legal scope<\/span><\/h3>\n<div class=\"TyagGW_tableContainer\">\n<div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"1980\" data-end=\"2271\">\n<thead data-start=\"1980\" data-end=\"2019\">\n<tr data-start=\"1980\" data-end=\"2019\">\n<th class=\"\" data-start=\"1980\" data-end=\"1990\" data-col-size=\"sm\">Element<\/th>\n<th class=\"\" data-start=\"1990\" data-end=\"2019\" data-col-size=\"md\">What the ruling clarifies<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"2059\" data-end=\"2271\">\n<tr data-start=\"2059\" data-end=\"2118\">\n<td data-start=\"2059\" data-end=\"2070\" data-col-size=\"sm\">Coverage<\/td>\n<td data-start=\"2070\" data-end=\"2118\" data-col-size=\"md\">Includes external parties, not just insiders<\/td>\n<\/tr>\n<tr data-start=\"2119\" data-end=\"2163\">\n<td data-start=\"2119\" data-end=\"2129\" data-col-size=\"sm\">Trigger<\/td>\n<td data-start=\"2129\" data-end=\"2163\" data-col-size=\"md\">Fraudulent conduct of business<\/td>\n<\/tr>\n<tr data-start=\"2164\" data-end=\"2212\">\n<td data-start=\"2164\" data-end=\"2176\" data-col-size=\"sm\">Liability<\/td>\n<td data-start=\"2176\" data-end=\"2212\" data-col-size=\"md\">Based on \u201cknowing participation\u201d<\/td>\n<\/tr>\n<tr data-start=\"2213\" data-end=\"2271\">\n<td data-start=\"2213\" data-end=\"2223\" data-col-size=\"sm\">Purpose<\/td>\n<td data-start=\"2223\" data-end=\"2271\" data-col-size=\"md\">Recovery of losses from responsible entities<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p data-start=\"2273\" data-end=\"2435\">This interpretation aligns legal accountability with modern corporate realities, where decision-making and oversight are often distributed across multiple actors.<\/p>\n<h2 data-section-id=\"cpwumn\" data-start=\"2442\" data-end=\"2529\"><span role=\"text\">\u201cA watchdog cannot claim immunity\u201d \u2014 a doctrinal shift in auditor responsibility<\/span><\/h2>\n<p data-start=\"2531\" data-end=\"2638\">The most defining line from the order\u2014<em data-start=\"2569\" data-end=\"2605\">\u201ca watchdog cannot claim immunity\u201d<\/em>\u2014signals a deeper judicial shift.<\/p>\n<p data-start=\"2640\" data-end=\"2862\">Traditionally, auditors have been viewed as independent reviewers. The NCLT\u2019s observation reframes that role, suggesting that failure to act in the face of red flags could itself invite scrutiny, if backed by evidence.<\/p>\n<p data-start=\"2864\" data-end=\"2953\">Yet, the tribunal carefully avoided creating a presumption of guilt. It underscored that:<\/p>\n<ul data-start=\"2955\" data-end=\"3098\">\n<li data-section-id=\"6mjnvh\" data-start=\"2955\" data-end=\"2989\">Liability is not automatic<\/li>\n<li data-section-id=\"3khehc\" data-start=\"2990\" data-end=\"3043\">Professional engagement alone is insufficient<\/li>\n<li data-section-id=\"15y1rcn\" data-start=\"3044\" data-end=\"3098\">Evidence of conscious involvement is essential<\/li>\n<\/ul>\n<p data-start=\"3100\" data-end=\"3228\">This dual stance strengthens accountability while preserving due process\u2014a critical balance in complex financial litigation.<\/p>\n<h2 data-section-id=\"ca6riu\" data-start=\"3235\" data-end=\"3323\"><span role=\"text\">Liability will hinge on evidence, not assumption \u2014 setting a high legal threshold<\/span><\/h2>\n<p data-start=\"3325\" data-end=\"3495\">A key strength of the ruling lies in its insistence on evidence-driven conclusions. The tribunal has made it clear that any determination of liability will depend on:<\/p>\n<ul data-start=\"3497\" data-end=\"3632\">\n<li data-section-id=\"11ws9tk\" data-start=\"3497\" data-end=\"3555\">Documentary evidence (financial records, audit trails)<\/li>\n<li data-section-id=\"vk50ab\" data-start=\"3556\" data-end=\"3591\">Testimonies and expert analysis<\/li>\n<li data-section-id=\"w59jcb\" data-start=\"3592\" data-end=\"3632\">Findings from investigative agencies<\/li>\n<\/ul>\n<h3 data-section-id=\"vck4st\" data-start=\"3634\" data-end=\"3672\"><span role=\"text\">How liability will be assessed<\/span><\/h3>\n<div class=\"TyagGW_tableContainer\">\n<div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"3674\" data-end=\"3887\">\n<thead data-start=\"3674\" data-end=\"3698\">\n<tr data-start=\"3674\" data-end=\"3698\">\n<th class=\"\" data-start=\"3674\" data-end=\"3683\" data-col-size=\"sm\">Factor<\/th>\n<th class=\"\" data-start=\"3683\" data-end=\"3698\" data-col-size=\"sm\">Requirement<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"3723\" data-end=\"3887\">\n<tr data-start=\"3723\" data-end=\"3768\">\n<td data-start=\"3723\" data-end=\"3744\" data-col-size=\"sm\">Knowledge of fraud<\/td>\n<td data-start=\"3744\" data-end=\"3768\" data-col-size=\"sm\">Must be demonstrable<\/td>\n<\/tr>\n<tr data-start=\"3769\" data-end=\"3808\">\n<td data-start=\"3769\" data-end=\"3785\" data-col-size=\"sm\">Participation<\/td>\n<td data-start=\"3785\" data-end=\"3808\" data-col-size=\"sm\">Must be established<\/td>\n<\/tr>\n<tr data-start=\"3809\" data-end=\"3848\">\n<td data-start=\"3809\" data-end=\"3825\" data-col-size=\"sm\">Documentation<\/td>\n<td data-start=\"3825\" data-end=\"3848\" data-col-size=\"sm\">Must support claims<\/td>\n<\/tr>\n<tr data-start=\"3849\" data-end=\"3887\">\n<td data-start=\"3849\" data-end=\"3859\" data-col-size=\"sm\">Context<\/td>\n<td data-start=\"3859\" data-end=\"3887\" data-col-size=\"sm\">Case-specific evaluation<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p data-start=\"3889\" data-end=\"4028\">This ensures that while auditors are brought under scrutiny, they are judged on substantiated facts\u2014not presumptions or hindsight bias.<\/p>\n<h2 data-section-id=\"168afw1\" data-start=\"4035\" data-end=\"4092\"><span role=\"text\">Here\u2019s what happened today and why traders reacted<\/span><\/h2>\n<p data-start=\"4094\" data-end=\"4227\">The ruling has triggered a strong response across legal and financial circles, with implications extending beyond the immediate case.<\/p>\n<h3 data-section-id=\"4at5jb\" data-start=\"4229\" data-end=\"4261\"><span role=\"text\">Market reaction snapshot<\/span><\/h3>\n<div class=\"TyagGW_tableContainer\">\n<div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"4263\" data-end=\"4580\">\n<thead data-start=\"4263\" data-end=\"4298\">\n<tr data-start=\"4263\" data-end=\"4298\">\n<th class=\"\" data-start=\"4263\" data-end=\"4273\" data-col-size=\"sm\">Trigger<\/th>\n<th class=\"\" data-start=\"4273\" data-end=\"4298\" data-col-size=\"sm\">Market Interpretation<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"4332\" data-end=\"4580\">\n<tr data-start=\"4332\" data-end=\"4400\">\n<td data-start=\"4332\" data-end=\"4367\" data-col-size=\"sm\">Auditors included in proceedings<\/td>\n<td data-start=\"4367\" data-end=\"4400\" data-col-size=\"sm\">Increased governance scrutiny<\/td>\n<\/tr>\n<tr data-start=\"4401\" data-end=\"4468\">\n<td data-start=\"4401\" data-end=\"4435\" data-col-size=\"sm\">No immediate liability assigned<\/td>\n<td data-start=\"4435\" data-end=\"4468\" data-col-size=\"sm\">Limited short-term disruption<\/td>\n<\/tr>\n<tr data-start=\"4469\" data-end=\"4524\">\n<td data-start=\"4469\" data-end=\"4491\" data-col-size=\"sm\">Broader legal scope<\/td>\n<td data-col-size=\"sm\" data-start=\"4491\" data-end=\"4524\">Elevated compliance awareness<\/td>\n<\/tr>\n<tr data-start=\"4525\" data-end=\"4580\">\n<td data-start=\"4525\" data-end=\"4551\" data-col-size=\"sm\">Focus on accountability<\/td>\n<td data-col-size=\"sm\" data-start=\"4551\" data-end=\"4580\">Positive long-term signal<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p data-start=\"4582\" data-end=\"4724\">Investors largely view the development as a structural positive, reinforcing the credibility of India\u2019s regulatory and judicial framework.<\/p>\n<h2 data-section-id=\"1kblyor\" data-start=\"4731\" data-end=\"4805\"><span role=\"text\">Government stance and SFIO findings reinforce case-by-case scrutiny<\/span><\/h2>\n<p data-start=\"4807\" data-end=\"5018\">The government argued that auditors and third parties should not be excluded prematurely, emphasizing that their role must be assessed based on findings from the <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Serious Fraud Investigation Office<\/span><\/span> (SFIO).<\/p>\n<p data-start=\"5020\" data-end=\"5069\">The tribunal accepted this position, noting that:<\/p>\n<ul data-start=\"5071\" data-end=\"5218\">\n<li data-section-id=\"vitduy\" data-start=\"5071\" data-end=\"5124\">No blanket exclusion can be granted at the outset<\/li>\n<li data-section-id=\"149kn7d\" data-start=\"5125\" data-end=\"5178\">Each entity\u2019s role must be evaluated individually<\/li>\n<li data-section-id=\"19adq7v\" data-start=\"5179\" data-end=\"5218\">Evidence will determine the outcome<\/li>\n<\/ul>\n<p data-start=\"5220\" data-end=\"5327\">This reflects a broader regulatory evolution\u2014from categorical protection to conditional accountability.<\/p>\n<h2 data-section-id=\"1jjbqyv\" data-start=\"5334\" data-end=\"5408\"><span role=\"text\">Legal experts: exposure rises, but liability remains evidence-bound<\/span><\/h2>\n<p data-start=\"5410\" data-end=\"5528\">Legal practitioners see the ruling as a measured expansion of accountability, rather than an aggressive overreach.<\/p>\n<ul data-start=\"5530\" data-end=\"5870\">\n<li data-section-id=\"vhjs42\" data-start=\"5530\" data-end=\"5621\"><em data-start=\"5532\" data-end=\"5601\">\u201cThe order widens exposure but ensures a merits-based examination,\u201d<\/em> noted Alay Razvi.<\/li>\n<li data-section-id=\"dr66k3\" data-start=\"5622\" data-end=\"5750\"><em data-start=\"5624\" data-end=\"5729\">\u201cAuditors will now have to defend their role, but liability depends on proof of conscious involvement,\u201d<\/em> said Raheel Patel.<\/li>\n<li data-section-id=\"119oi7j\" data-start=\"5751\" data-end=\"5870\"><em data-start=\"5753\" data-end=\"5848\">\u201cThe interpretation of \u2018any person\u2019 now clearly includes third parties, subject to evidence,\u201d<\/em> added Akshat Pande.<\/li>\n<\/ul>\n<p data-start=\"5872\" data-end=\"5996\">The consensus is clear: the ruling increases scrutiny without diluting the evidentiary threshold required for liability.<\/p>\n<h2 data-section-id=\"gw0s5i\" data-start=\"6003\" data-end=\"6075\"><span role=\"text\">A precedent that could reshape fraud litigation across India Inc.<\/span><\/h2>\n<p data-start=\"6077\" data-end=\"6228\">The implications of the order extend well beyond the IL&amp;FS case. It sets a precedent for how fraud provisions may be applied in future cases involving:<\/p>\n<ul data-start=\"6230\" data-end=\"6344\">\n<li data-section-id=\"1ixq5fx\" data-start=\"6230\" data-end=\"6262\">Complex corporate structures<\/li>\n<li data-section-id=\"1w3w622\" data-start=\"6263\" data-end=\"6303\">Multi-layered financial arrangements<\/li>\n<li data-section-id=\"15ntrjk\" data-start=\"6304\" data-end=\"6344\">Third-party professional involvement<\/li>\n<\/ul>\n<h3 data-section-id=\"161x5ba\" data-start=\"6346\" data-end=\"6377\"><span role=\"text\">Broader systemic impact<\/span><\/h3>\n<div class=\"TyagGW_tableContainer\">\n<div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"6379\" data-end=\"6652\">\n<thead data-start=\"6379\" data-end=\"6404\">\n<tr data-start=\"6379\" data-end=\"6404\">\n<th class=\"\" data-start=\"6379\" data-end=\"6386\" data-col-size=\"sm\">Area<\/th>\n<th class=\"\" data-start=\"6386\" data-end=\"6404\" data-col-size=\"md\">Likely Outcome<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"6430\" data-end=\"6652\">\n<tr data-start=\"6430\" data-end=\"6491\">\n<td data-start=\"6430\" data-end=\"6444\" data-col-size=\"sm\">Audit firms<\/td>\n<td data-start=\"6444\" data-end=\"6491\" data-col-size=\"md\">Higher scrutiny and documentation standards<\/td>\n<\/tr>\n<tr data-start=\"6492\" data-end=\"6539\">\n<td data-start=\"6492\" data-end=\"6515\" data-col-size=\"sm\">Corporate governance<\/td>\n<td data-start=\"6515\" data-end=\"6539\" data-col-size=\"md\">Stronger enforcement<\/td>\n<\/tr>\n<tr data-start=\"6540\" data-end=\"6590\">\n<td data-start=\"6540\" data-end=\"6559\" data-col-size=\"sm\">Litigation scope<\/td>\n<td data-col-size=\"md\" data-start=\"6559\" data-end=\"6590\">Expansion beyond management<\/td>\n<\/tr>\n<tr data-start=\"6591\" data-end=\"6652\">\n<td data-start=\"6591\" data-end=\"6613\" data-col-size=\"sm\">Regulatory approach<\/td>\n<td data-start=\"6613\" data-end=\"6652\" data-col-size=\"md\">More evidence-driven investigations<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p data-start=\"6654\" data-end=\"6773\">The ruling effectively signals that accountability will follow the flow of influence, not just formal designations.<\/p>\n<h2 data-section-id=\"13s4yu9\" data-start=\"6780\" data-end=\"6841\"><span role=\"text\">Impact on markets, investors, and governance standards<\/span><\/h2>\n<p data-start=\"6843\" data-end=\"6940\">For financial markets, the order reinforces a critical pillar\u2014trust in governance frameworks.<\/p>\n<h3 data-section-id=\"o5ista\" data-start=\"6942\" data-end=\"6969\"><span role=\"text\">Market implications<\/span><\/h3>\n<div class=\"TyagGW_tableContainer\">\n<div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"6971\" data-end=\"7174\">\n<thead data-start=\"6971\" data-end=\"6991\">\n<tr data-start=\"6971\" data-end=\"6991\">\n<th class=\"\" data-start=\"6971\" data-end=\"6980\" data-col-size=\"sm\">Factor<\/th>\n<th class=\"\" data-start=\"6980\" data-end=\"6991\" data-col-size=\"sm\">Outcome<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"7011\" data-end=\"7174\">\n<tr data-start=\"7011\" data-end=\"7052\">\n<td data-start=\"7011\" data-end=\"7036\" data-col-size=\"sm\">Governance credibility<\/td>\n<td data-start=\"7036\" data-end=\"7052\" data-col-size=\"sm\">Strengthened<\/td>\n<\/tr>\n<tr data-start=\"7053\" data-end=\"7097\">\n<td data-start=\"7053\" data-end=\"7075\" data-col-size=\"sm\">Investor confidence<\/td>\n<td data-start=\"7075\" data-end=\"7097\" data-col-size=\"sm\">Improved over time<\/td>\n<\/tr>\n<tr data-start=\"7098\" data-end=\"7139\">\n<td data-start=\"7098\" data-end=\"7117\" data-col-size=\"sm\">Compliance costs<\/td>\n<td data-start=\"7117\" data-end=\"7139\" data-col-size=\"sm\">Likely to increase<\/td>\n<\/tr>\n<tr data-start=\"7140\" data-end=\"7174\">\n<td data-start=\"7140\" data-end=\"7158\" data-col-size=\"sm\">Risk assessment<\/td>\n<td data-col-size=\"sm\" data-start=\"7158\" data-end=\"7174\">More nuanced<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p data-start=\"7176\" data-end=\"7366\">While there may be short-term caution around compliance burdens, the long-term effect is likely to be positive for capital markets, as stronger governance attracts institutional capital.<\/p>\n<h2 data-section-id=\"10v2bj4\" data-start=\"7373\" data-end=\"7435\"><span role=\"text\">What it means for audit firms and the broader ecosystem<\/span><\/h2>\n<p data-start=\"7437\" data-end=\"7507\">For audit firms and professional advisors, the message is unambiguous:<\/p>\n<ul data-start=\"7509\" data-end=\"7683\">\n<li data-section-id=\"mokzeg\" data-start=\"7509\" data-end=\"7567\">Documentation must be comprehensive and defensible<\/li>\n<li data-section-id=\"su42oq\" data-start=\"7568\" data-end=\"7627\">Risk identification must be proactive, not reactive<\/li>\n<li data-section-id=\"1r5u0nz\" data-start=\"7628\" data-end=\"7683\">Independence and diligence must be demonstrable<\/li>\n<\/ul>\n<p data-start=\"7685\" data-end=\"7794\">The role of auditors is evolving\u2014from compliance facilitators to active guardians of financial integrity.<\/p>\n<h2 data-section-id=\"1cwyq6p\" data-start=\"7801\" data-end=\"7879\"><span role=\"text\">Final takeaway as accountability expands across the corporate ecosystem<\/span><\/h2>\n<p data-start=\"7881\" data-end=\"8139\">The NCLT\u2019s IL&amp;FS ruling marks a turning point in India\u2019s corporate governance narrative. By bringing auditors within the scope of scrutiny\u2014without presuming liability\u2014the tribunal has introduced a more balanced and mature framework of accountability.<\/p>\n<p data-start=\"8141\" data-end=\"8324\">The principle emerging from this decision is both simple and profound:<br data-start=\"8211\" data-end=\"8214\" \/>in modern corporate ecosystems, responsibility is shared\u2014and scrutiny will follow wherever evidence leads.<\/p>\n<p data-start=\"8326\" data-end=\"8527\" data-is-last-node=\"\" data-is-only-node=\"\">For investors, this strengthens confidence. For companies, it raises the bar. And for professional firms, it redefines the expectations of their role in safeguarding the integrity of financial systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tribunal brings auditors into the frame, signaling a structural shift in corporate accountability In a ruling that could redefine how corporate fraud cases are pursued in India, the National Company Law Tribunal (NCLT) has refused to exclude audit firms\u2014Deloitte, BSR &amp; Associates LLP, and SRBC &amp; Co LLP\u2014from proceedings in the Infrastructure Leasing &amp; Financial [&hellip;]<\/p>\n","protected":false},"author":4,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-23475","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/23475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=23475"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/23475\/revisions"}],"predecessor-version":[{"id":23480,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/23475\/revisions\/23480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/23476"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=23475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=23475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=23475"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=23475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}