NFRA imposes Rs 2-cr penalty on audit firm in Coffee Day case, debars two auditors

The National Financial Reporting Authority penalized M/s Venkatesh & Co Rs two crore and barred auditors Dasaraty V and Desikan G for 10 and 5 years, respectively, for professional misconduct in the 2019-20 Coffee Day Enterprises audit, following Sebi's report on fund diversion.