HC Quashes Appointment by SEBI of Grant Thornton As Forensic Auditor of A Company

Animish Pradip Raje Vs SEBI (Telangana High Court) The present petition has been filed challenging the order dated 20.10.2020, passed by SEBI, appointing Grant Thornton Bharat LLP (GTB) as a Forensic Auditor in respect of the financial statements of the Prabhat Dairy Limited for the Financial Years 2018-19 and 2019-20 on the ground of conflict of interest and violation of the principles of natural justice when one of the independent directors of the Company was deeply connected with sister concern of Grant Thornton. Held by High Court The question that needs to be examined is whether GTB, task...