MADAN B. LOKUR, J.

( 1 ) THIS reference has been made to the High Court under Section 21 (5) of the Chartered Accountants Act read with Chapter 7-F of the Delhi High Court Rules.

( 2 ) NOTICE in this reference was issued to Respondent No. 1 on 20th september, 2005 but he could not be served by the ordinary process. Accordingly, he was served by substituted service through publication in the newspaper "statesman" (New Delhi Edition ). On 29th March, 2007 despite service by publication, Respondent No. 1 did not put in appearance. Accordingly, by an order dated 19th April, 2007, it was directed that Respondent No. 1 be proceeded against ex-parte.

( 3 ) TODAY also, there is no appearance on behalf of Respondent No. 1.

( 4 ) THE following allegations were made against Respondent No. 1 by Ashok kumar, Superintendent of Police, CBI.

"i) The Respondent No. 1 remained instrumental in getting a loan of Rs. 49. 8 lakhs sanctioned from Union Bank of India, Zonal Office, New Delhi in 1989 in favour of M/s S. K. Trading Co. 9642/12, Sadar Thana Road, Delhi on the basis of forged documents such as quotations, supply orders, money deposit receipts of various firms, rent deed and rent receipts