Associates") to conduct
a forensic audit of MBIL. The GSA Associates gave its Forensic Audit
Report dated 3.6.2019.
30. On 13.3.2020, the respondent-Bank ... option and power to
conduct a forensic audit on their own before CDR approval.
No such forensic audit was initiated or recommended or
even considered
Associates") to conduct
a forensic audit of MBIL. The GSA Associates gave its Forensic Audit
Report dated 3.6.2019.
30. On 13.3.2020, the respondent-Bank ... option and power to
conduct a forensic audit on their own before CDR approval.
No such forensic audit was initiated or recommended or
even considered
Haribhakti & Co. LLP, Chartered
Accountants, submitted their Forensic Audit Report to the
Resolution Professional of MBSL.
32. On 9.4.2019, the Respondent Bank issued ... column, the
Respondent Bank has referred to observations made in the Forensic
Audit Report, based on which it has concluded that there is
diversion
Haribhakti & Co. LLP, Chartered Accountants,
submitted their Forensic Audit Report to the Resolution Professional of
MBSL.
32. On 13.3.2020, the Respondent Bank issued ... letter dated 11.1.2021, the
Respondent Bank furnished a copy of Forensic Audit Report.
40. Thereafter, certain correspondences took place between the parties
in relation
permission to
examine the Forensic Auditor in support of its case so as to facilitate
proving of Forensic Audit Report.
h) The said Application ... Forensic Audit Report, in our opinion,
Respondent No.1 was justified in moving an Application Exh.63 for
proving the Audit Report by examining
permission to
examine the Forensic Auditor in support of its case so as to facilitate
proving of Forensic Audit Report.
h) The said Application ... Forensic Audit Report, in our opinion,
Respondent No.1 was justified in moving an Application Exh.63 for
proving the Audit Report by examining
been enclosed along with the statement of
objections along with Forensic Audit Report and balance sheet ... purported
Forensic Audit Report admittedly not having been furnished to
the petitioner which forms the basis/core of the audit report is
clearly violation
IDBI bank has relied upon three Audit Reports in the Show
Cause Notice viz., Transaction Audit Report; Forensic Audit Report of M/s
Choksi ... Accordingly, it is directed that all the three Audit Reports viz.
Transaction Audit Report, Forensic Audit Report of M/s Choksi and Choksi
and Forensic
teeth of
Principles of res judicata, as a Forensic Audit Report in terms of the
Master Directions issued by the Respondent ... Wilful Default to the Petitioner only on the basis of
the Forensic Audit Report. The question which arises at this juncture is
whether the observations
consortium meeting to finalize the Forensic
Auditor Report. In addition to the above, the Final Report of the
Forensic Audit dated 01.11.2019, which is subsequent ... consider the Final Forensic Audit Report dated 01.11.2019 and the
conclusions drawn therein, and instead relied on the Audit Report
dated 08.04.2019, which the member
