The report was tabled in the Lok Sabha by JPC Chairman P C Chacko after Speaker Meira Kumar disallowed any debate on the issue at the presentation stage during Zero Hour.
This prompted members of DMK, UPA's erstwhile partner, and Opposition members, including those from the BJP, Left, Trinamool Congress, BJD and Shiromani Akali Dal, to stand up in protest.
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Yashwant Sinha, Harin Pathak (both BJP), Gurudas Dasgupta (CPI) and Kalyan Banerjee (Trinamool) shouted that the report was a "fraud" on the Constitution, while DMK members walked out of the House.
Senior BJP leader L K Advani also rose to say something to the Speaker but could not be heard in the din.
DMK members, including T R Baalu and former Telecom Minister A Raja, later returned to the House and trooped into the Well as one of their members tore some papers, forcing the Speaker to adjourn the proceedings till 2 PM.
Apart from giving a clean chit to the Prime Minister, it rubbishes the loss figure of Rs 1.76 lakh crore estimated by CAG, saying it was "ill-conceived". Opposition members in the JPC have termed it as a "bundle of contradictions".