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IN THE HIGH COURT OF DELHI AT NEW DELHI

Date of Decision: 18^th November, 2010

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CHAT.A.REF.-1/2007

COUNCIL OF INSTITUTE OF CHARTERED

ACCOUNTANTS OF INDIA

..... Petitioner

Through: Mr.Rakesh Aggarwal, Advocate

versus

KUL RATTAN BHASIN & ANR.

..... Respondents

Through: Mr.Gunjan Kumar for R-1

Mr.Pankaj Batra for R-2

CORAM:

HON'BLE MR. JUSTICE A.K.SIKRI

HON'BLE MR. JUSTICE SURESH KAIT

1.Whether the Reporters of local papers may be allowed to see the

judgment?

Yes.

2.To be referred to the Reporter or not?

Yes.

3.Whether the judgment should be reported in the Digest?

Yes.

SURESH KAIT, J. (Oral)

1.

This reference under Section 21(5) of the Chartered

Accountants Act, 1949 (hereinafter referred to as Act) in pursuance of

report dated 14.05.2005 of Disciplinary Committee of the Institute of

Chartered Accountants, the Council of the Institute under Section 21 of the

Act has decided to recommend to this court that the respondent be

removed from the register of Members for a period of two years, for

confirming the punishment under Section 21(6) by this court in respect of

Kulrattan Bhasin, CA, New Delhi (he