Technical error cannot be treated as Professional Misconduct or gross negligence

Ramchandra Y. Kulkarni Vs Disciplinary Committee of icai (Appellate Authority) complainant is an Asset Reconstruction Company and the only grievance of the Complainant is that the Appellant who was auditor of M/s AV Forging Private Limited, a company which had taken loans from M/s Axis Bank amounting to Rs. 22.70 Crores approximately, which were taken over by the Complainant IARC from the said Bank by way of assignment and the same was intimated by them to Company vide letter dated 11thApril, 2011, but in the balance sheets of auditee for the years ended on 31.3.2011 and 31.3.2012, the same wa...