present confirmatory impugned order dated 11th
March, 2020 was passed. The forensic audit report as
directed by the earlier order of SEBI however reached ... forensic
report it is submitted that respondent SEBI ought to
have waited for the forensic report or ought to have
persuaded for reaching the report
Appellant has also claimed that
the Forensic Auditor was appointed on 06.06.2020 and the
Forensic Audit Report was available on 20.1.2021. The
resolution plan ... Forensic Auditor's
report was made available on 20.1.2021 and the Resolution
Professional sent it for comments on 8.2.2021. Since the
Forensic Audit Report
India LLP on 05.10.2018 to conduct a forensic audit, culminating in the
Forensic Audit Report ("FAR") dated 25.09.2019.
61. We have already noted ... that suitable records were not
available with the Forensic Auditor, as such the Forensic Audit Report is
incomplete as it was based on facts which
Chartered Accountants were
appointed to conduct forensic audit of the Corporate Debtor, who gave the
Forensic Audit Report on 22.09.2020. It is the case ... conduct the forensic audit in
order to analyse financial transactions of the Corporate Debtor and their
related parties. The Forensic Audit Report was submitted
Appellant has also claimed that
the Forensic Auditor was appointed on 06.06.2020 and the
Forensic Audit Report was available on 20.1.2021. The
resolution plan ... Forensic Auditor's
report was made available on 20.1.2021 and the Resolution
Professional sent it for comments on 8.2.2021. Since the
Forensic Audit Report
Further, in the meantime, a forensic audit report has been
obtained from KPMG and in the said report, certain
observations has been made with regard ... with Special Audit Report submitted
by the Special Auditor and also forensic Audit Report
submitted by the KPMG, has completed the assessment
Further, in the meantime, a forensic audit report has been
obtained from KPMG and in the said report, certain
observations has been made with regard ... with Special Audit Report submitted
by the Special Auditor and also forensic Audit Report
submitted by the KPMG, has completed the assessment
were appointed as a Forensic Auditor
to carry the forensic audit of the Corporate Debtor. The Auditor
concluded the forensic audit of the Corporate Debtor ... necessity of justifying the fraudulent transactions highlighted by the
Forensic Auditor in its Forensic Audit Report, the Respondent in its response
to the Appeal
were appointed as a Forensic Auditor
to carry the forensic audit of the Corporate Debtor. The Auditor
concluded the forensic audit of the Corporate Debtor ... necessity of justifying the fraudulent transactions highlighted by the
Forensic Auditor in its Forensic Audit Report, the Respondent in its response
to the Appeal
were appointed as a Forensic Auditor
to carry the forensic audit of the Corporate Debtor. The Auditor
concluded the forensic audit of the Corporate Debtor ... necessity of justifying the fraudulent transactions highlighted by the
Forensic Auditor in its Forensic Audit Report, the Respondent in its response
to the Appeal
