THE COUNCIL OF THE INSTITUTE OF CHARTERED ACCOUNTANTS vs B. MUKHERJEA

The Supreme Court ruled that the respondent, a chartered accountant, was guilty of professional misconduct under the Chartered Accountants Act, 1949, specifically Sections 2(2), 21, and 22. The Court held that the respondent's actions as a liquidator, including failure to return records, cash, and securities, constituted grossly improper conduct, thereby justifying the Council's inquiry and findings. The High Court's rejection of the misconduct reference was overturned, affirming the Council's authority to determine unfitness for membership based on conduct not explicitly listed in the Act.