Delhi HC's order on CAG audit unlikely to hold in higher court: India Inc

Comments 0
SummaryIndia Inc and leading corporate lawyers surprised by order to allow CAG audit telecom firms.

to be answerable to Parliament in respect of businesses which are owned by the government. Therefore to my mind, there is no place for CAG interfering into a private company’s books,” said Sidharth Birla, president Ficci.

While a bench of Justices — Pradeep Nandrajog and V Kameswar Rao — permitted CAG to conduct audit of private telecom companies under the Telecom Regulatory Authority of India (Trai) Act, the Delhi government has also warned private power distribution companies that their licences may be cancelled if they do not co-operate with CAG which is scrutinising their finances.

Single Page Format
Ads by Google

More from Business

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...