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2011 (11) TMI 531 - HC - Indian LawsICAI - professional misconduct - respondent, in his position as CA of the mother of the complainant for many years, lured the complainant to invest in his company at return of 27% per annum - post dated cheques issued for return of money with interest from company M/s Dhan Kuber of which respondent was not only the Director, but authorized signatory - dishonor of cheques - Held that:- Dishonoring of cheques because of insufficiency of funds, undoubtedly point finger towards the bad intentions of the respondent in making the complainant part with the huge amount of money. Therefore, Disciplinary Committee was right in holding the respondent guilty of 'other misconduct' as well u/s 22 read with Section 21 of the Act. Keeping in view the nature and gravity of the misconduct, we are in agreement with the punishment awarded to the respondent by the Council. Accordingly, the reference made by the Council for removal of respondent Praveen Kumar Katyal from the List of Members for a period of one year is hereby approved
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