Writ cannot be invoked to Challenged NFRA Notices: Telangana HC Dismisses Plea of Statutory Auditors of Concord Drugs

The Telangana High Court dismissed a plea by the statutory auditors of Concord Drugs, ruling that "a writ cannot be invoked to challenge NFRA (National Financial Reporting Authority) notices." The auditors sought to quash NFRA notices, arguing jurisdictional issues. However, the court emphasized that NFRA, being a statutory regulatory body with a specific mandate, has the authority to issue such notices. It further noted that the relevant Act provides an appellate mechanism for challenging NFRA's actions, and a writ petition should not bypass these statutory remedies.