HC acquits CA in misconduct case for delay & lack of evidence

Institute of Chartered Accountants of India Vs CA Gordhanbhai Madhabhai Savalia (Bombay High Court) Bombay High Court held that removal of name of Chartered Accountant in professional misconduct proceedings for a period of one year unsustainable as institute failed to find any substantial justification in form of unrebutted evidence against the Chartered Accountant. Facts- The Institute received a complaint dated 20th April 2004 from one Bhuvnesh Chandra, Mumbai (“Complainant”) the Director of M/s. Twincity Glass Pvt. Ltd. (“the Company”) making certain allegations against Respondent....