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TMI Blog2016 (9) TMI 657X X X X Extracts X X X X X X X X Extracts X X X X ..... d no documents with him concerning either Mr. Sanjay Aggarwal or M/s Sanvijay Rolling and Engineering Ltd., for obtaining funds. As a Chartered Accountant he ought to know that a person would advance a credit to an individual or a company after satisfying itself with the credit worthiness of the individual or the company. All documents required for a due diligence ought to have been taken by th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by: Mr.Rakesh Agarwal, Advocate with Mr.Pulkit Agarwal, Advocate Respondent Represented by: Ms. Isha Jha, Advocate PRADEEP NANDRAJOG, J. (ORAL) 1. Ms. Isha Jha, Advocate who appears for respondent Rakesh Verma has shown to us a letter as per which the respondent No.1 Mr. Rakesh Verma has taken back the file from learned counsel; undertaking to appear in the matter himself. 2. It w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s per the MOU. 5. The complaint was made by M/s Sanvijay Rolling and Engineering Ltd., Nagpur. The defence of the respondent was that he had not signed any MOU with the company. 6. The disciplinary Committee of the Council has found that the cheque in sum of ₹ 2.5 lacs received by the respondent was issued by the company and thus the respondent was aware that the funds which he had to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... funds contemplated by MOU. 9. Now, the respondent is a Chartered Accountant. We fail to understand as to how come he proceeded to London and Norway if he had no documents with him concerning either Mr. Sanjay Aggarwal or M/s Sanvijay Rolling and Engineering Ltd., for obtaining funds. 10. As a Chartered Accountant he ought to know that a person would advance a credit to an individual or a com ..... X X X X Extracts X X X X X X X X Extracts X X X X
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