The Supreme Court directed the newly constituted selection committee for the Delhi Electricity Regulatory Commission to immediately commence appointments for vacant chairperson and member posts, ordering identification of suitable candidates and completion of the recruitment process within two months to ensure proper functioning of the regulatory authority.
New Delhi: Recently, The Supreme Court upheld the National Company Law Appellate Tribunal’s order on disciplinary action against auditors, strengthening the National Financial Reporting Authority’s (NFRA) authority. The case involved a penalty and practice bar against an auditor due to lapses in DHFL’s audit. This decision sets a precedent for NFRA’s disciplinary measures in similar cases.
